Description
Book SynopsisImpunity and Capitalism examines the evolution of economic impunity in Europe across the long eighteenth century with a focus on several international financial crises: 1709, 1720, 179397 and 1825. Trevor Jackson considers how these crises happened, who was responsible for stopping them, and how financial capitalism created new forms of impunity.
Trade Review'Jackson's account is well worth reading because of the power and continuing resonance of his central insight - impunity facilitated capitalism.' Robert Kuttner, The New York Review of Books
Table of ContentsIntroduction; Part I: Preface: Impunity at the Origins of Financial Capitalism: 1. Professionalizing impunity: from the failures of 1709 to the crisis of 1720; 2. The crisis of 1720 and the invention of discredit; 3. Between independence and impunity: the legitimacy of central banking after the crisis of 1720; Part II: Preface: Revolutionary Impunity: 4. The end of the old financial regime, 1781–1793; 5. Recasting financial capitalism, 1796–1821; Part III: Preface: The Gold Standard and a Stable Impunity, 1815–1830: 6. The panic of 1825 and the systematization of impunity; Conclusion: monetary policy as conscience management.
