The Cash Nexus: Money and Power in the Modern World, 1700-2000

The Cash Nexus: Money and Power in the Modern World, 1700-2000

Niall Ferguson


Conventional knowledge has lengthy claimed that fiscal swap is the top mover of political swap, even if within the age of or web. yet is it? Ferguson thinks it truly is excessive time we re-examined the link-the nexus, in Thomas Carlyle's phrase-between economics and politics. His significant argument is that the conflicting impulses of intercourse, violence, and gear are jointly extra robust than funds. between Ferguson's startling claims are: · not anything has performed extra to rework the area economic system than struggle, but wars themselves don't have basically fiscal factors. · the current age of monetary globalization is coinciding-paradoxically-with political and army fragmentation. · monetary crises are often attributable to unexpected political occasions instead of fiscal fluctuations. · the connection among prosperity and govt recognition is basically illusory. · when you consider that political and fiscal liberalization should not self-perpetuating, the so-called triumph of democracy all over the world should be short-lived. · A daring synthesis of political heritage and sleek fiscal thought, funds Nexus will rework the panorama of recent background and draw tough conclusions in regards to the customers of either capitalism and democracy.

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