Overview
- Explores how the USA evolved into a modern society in the sense of impersonal rules and open access of organizations
- Argues that the USA was not born modern in the sense of competitive economy and polity, shown by early nineteenth-century banking
- Provides an explanation of open access banking based on the conceptual framework of intra-elite competition
- Includes supplementary material: sn.pub/extras
Part of the book series: Palgrave Studies in Economic History (PEHS)
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About this book
How did banking in early nineteenth-century Massachusetts evolve? Lu provides a compelling narrative about the connection between inclusive political systems and open access economies, hypothesizing that entry into banking was firstly made upon partisan grounds before later becoming open access/free entry. Lu investigates state level institutional change and studies the transition to open access from an economic perspective. What was the relationship between banking and political elites? Why were elites, who enjoyed privileges under dominant institutions, willing to dissolve these institutions and eliminate their privileges? The author provides new insights into American economic history, explaining how a society moves from limited access to one of openness.
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Keywords
Table of contents (7 chapters)
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Front Matter
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Back Matter
Authors and Affiliations
About the author
Qian Lu is Assistant Professor at the School of Economics, Central University of Finance and Economics in Beijing, China.
Bibliographic Information
Book Title: From Partisan Banking to Open Access
Book Subtitle: The Emergence of Free Banking in Early Nineteenth Century Massachusetts
Authors: Qian Lu
Series Title: Palgrave Studies in Economic History
DOI: https://doi.org/10.1007/978-3-319-67645-6
Publisher: Palgrave Pivot Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s) 2017
Hardcover ISBN: 978-3-319-67644-9Published: 23 October 2017
eBook ISBN: 978-3-319-67645-6Published: 09 October 2017
Series ISSN: 2662-6497
Series E-ISSN: 2662-6500
Edition Number: 1
Number of Pages: XXVIII, 189
Number of Illustrations: 2 b/w illustrations, 45 illustrations in colour
Topics: Economic History, Financial History, International Political Economy, Macroeconomics/Monetary Economics//Financial Economics, Banking, North American Economics