Finance and Economic Development in the Very Long Run: A Review Essay

• Autores: Yongseok Shin
• Localización: Journal of economic literature, ISSN 0022-0515, Vol. 56, Nº 4, 2018, págs. 1577-1586
• Idioma: inglés
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• Resumen

  • I review William N. Goetzmann's Money Changes Everything: How Finance Made Civilization Possible. This magnificent book offers insightful coverage of more than 5,000 years of human history under the theme of "how finance made civilization possible." I reinterpret its main hypotheses in the context of recent economic research on finance and development, and also compare them with other economic historians' views. I suggest that further examinations of the historical facts in the book could guide us in rethinking financial regulation.