Financial capitalism emerged in a recognisably modern form in late seventeenth- and eighteenth-century Great Britain. Following the seminal work of Douglass C. North and Barry R. Weingast (1989), many scholars have concluded that the 'credible commitment' that was provided by parliamentary backing of government as a result of the Glorious Revolution of 1688 provided the key institutional underpinning on which modern public finances depend. In this book, a specially commissioned group of historians and economists examine and challenge the North and Weingast thesis to show that multiple commitment mechanisms were necessary to convince public creditors that sovereign debt constituted a relatively accessible, safe and liquid investment vehicle. Questioning Credible Commitment provides academics and practitioners with a broader understanding of the origins of financial capitalism, and, with its focus on theoretical and policy frameworks, shows the significance of the debate to current macroeconomic policy making.

An interdisciplinary examination of credible commitment to fiscal responsibility and its relevance to current macroeconomic policy making.

"Financial capitalism emerged in a recognisably modern form in late seventeenth- and eighteenth-century Great Britain. Following the seminal work of Douglass C. North and Barry R. Weingast (1989), many scholars have concluded that the 'credible commitment' that was provided by parliamentary backing of government as a result of the Glorious Revolution of 1688 provided the key institutional underpinning on which modern public finances depend. In this book, a specially commissioned group of historians and economists examine and challenge the North and Weingast thesis to show that multiple commitment mechanisms were necessary to convince public creditors that sovereign debt constituted a relatively accessible, safe and liquid investment vehicle. Questioning Credible Commitment provides academics and practitioners with a broader understanding of the origins of financial capitalism, and, with its focus on theoretical and policy frameworks, shows the significance of the debate to current macroeconomic policy making."--Page i.

Financial capitalism emerged in a recognisably modern form in late seventeenth- and eighteenth-century Great Britain. Following the seminal work of Douglass C. North and Barry R. Weingast (1989), many scholars have concluded that the 'credible commitment' that was provided by parliamentary backing of government as a result of the Glorious Revolution of 1688 provided the key institutional underpinning on which modern public finances depend. In this book, a specially commissioned group of historians and economists examine and challenge the North and Weingast thesis to show that multiple commitment mechanisms were necessary to convince public creditors that sovereign debt constituted a relatively accessible, safe and liquid investment vehicle. Questioning Credible Commitment provides academics and practitioners with a broader understanding of the origins of financial capitalism, and, with its focus on theoretical and policy frameworks, shows the significance of the debate to current macroeconomic policy making.

A universal criminal court : the emergence of an idea -- The global civil society campaign -- The victory : the independent prosecutor -- The defeat : no universal jurisdiction -- The controversy : gender and forced pregnancy -- The missed chance : banning weapons -- A global civil society achievement : why rejoice?

Based on computer analysis of price quotes from the eighteenth-century financial press, this work reevaluates the evolution of financial markets.

A comprehensive account of the contribution and failings of one of the most important institutions in the world - the corporation. It gives an accessible and insightful analysis of why the problems of the corporation - financial crises, mismanagement, poverty, and pollution - are increasing and what can be done to address them.

Tucker presents guiding principles for ensuring that central bankers and other unelected policymakers remain stewards of the common good.

The key to the impact of international election support is credibility; credible elections are less likely to turn violent. So argues Inken von Borzyskowski in The Credibility Challenge, in which she provides an explanation of why and when election support can increase or reduce violence. Von Borzyskowski answers four major questions: Under what circumstances can election support influence election violence? How can election support shape the incentives of domestic actors to engage in or abstain from violence? Does support help reduce violence or increase it? And, which type of support—observation or technical assistance—is better in each instance? The Credibility Challenge pulls broad quantitative evidence and qualitative observations from Guyana, Liberia, Kenya, Sierra Leone, and Bangladesh to respond to these questions. Von Borzyskowski finds that international democracy aid matters for election credibility and violence; outside observers can exacerbate postelection violence if they cast doubt on election credibility; and technical assistance helps build electoral institutions, improves election credibility, and reduces violence. Her results advance research and policy on peacebuilding and democracy promotion in new and surprising ways.