|||"In The Development of American Finance, the international political economist Martijn Konings provides a succinct and useful account of approximately three hundred years of American financial history. Readers seeking an overview written from a distinct point
Since the 1960s, scholars and other commentators have frequently announced the imminent decline of American financial power: excessive speculation and debt are believed to have undermined the long-term basis of a stable US-led financial order. But the American financial system has repeatedly shown itself to be more resilient than such assessments suggest. This book argues that there is considerable coherence to American finance: far from being a house of cards, it is a ...
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