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Vice is the true father of Western capitalism, according to Ian Klaus in this fascinating, wildly entertaining, and often startling history of modern finance. Rather than the noble pursuit of gentlemen, international financial affairs in the nineteenth century were conducted in large part, the...
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This paper presents an analysis of the effect of bureaucratic corruption on economic growth through a public finance transmission channel. At the theoretical level, we develop a simple dynamic general equilibrium model in which financial intermediaries make portfolio decisions on behalf of...
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Trustʺ or likewise confidenceʺ (the term preferred in this paper) are notions which have received considerable attention by economists in the last 8-10 years. In this contribution, much emphasis is put on the understanding what we really mean by confidenceʺ, what the differences between...
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Applying the Lessons of History to Understanding Fraud Today and Tomorrow Financial Stability provides a roadmap by … the importance of action to punish fraud in order to prevent future contagion Work through the theoretical proofs in terms … through Financial Market History-Freedom and Fraud -- CHAPTER 1 The First Few Millennia -- CHAPTER 2 The Bank of England and …
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resorted to electoral fraud, which neither the legislative, executive, or judicial branches checked. The decade of unchecked … electoral fraud led to the support for Juan Peron and subsequently to political and economic instability …
Persistent link: https://www.econbiz.de/10012463440
A riveting history of raw capitalism that exposes the unscrupulousness at its heart Vice is endemic to Western capitalism, according to this fascinating, wildly entertaining, often startling history of modern finance. Ian Klaus’s Forging Capitalism demonstrates how international financial...
Persistent link: https://www.econbiz.de/10014481993