The Wealth of Nations Rediscovered: Integration and Expansion .9

The Wealth of Nations RediscoveredIntegration and Expansion in American Financial Markets, 17801850\nAuthor(s): Robert E. Wright\nFormat: Paperback\nPublisher: Cambridge University Press, United Kingdom\nImprint: Cambridge University Press\nISBN-13: 9780521120395, 978-0521120395\nSynopsis\nIn The Wealth of Nations Rediscovered: Integration and Expansion in American Financial Markets, [tel], Robert E. Wright portrays the development of a modern financial sector - with a central bank, a national monetary system, and efficient capital markets - as the driving force behind America's economic transition from agricultural colony to industrial juggernaut. This study applies the economic theory of information asymmetry to our understandings of early US financial development, expanding on scholarship of finance-led economic growth. The book's research is original, incorporating little-used archival material and data on early US securities prices, trading volumes, and stockholder patterns. The.