All Posts Tagged With: "war finance"
The Political Economy of John Taylor of Caroline
As noted in the May Freeman, American revolutionaries mixed classical-republican and liberal political languages somewhat indiscriminately. Republicanism posited a relation between power and property in which independent proprietors were the bulwark of liberty. English critics of post-1688 Whig mercantilism deployed republican ideas, leading many historians to paint them as “agrarians” resisting capitalism, modernization, and social [...]
1Jun2008 | Joseph R. Stromberg | 0 comments | ContinuedFree-Market Money: A Key to Peace
When I teach money and banking, I begin the section on the history of the American monetary system by asking my students what the following dates in U.S. history have in common: 1812–1816, 1863, 1913, and 1971. The obvious answer is, “times of war or close to it.” (If you count the Great Depression as [...]
1Jan2008 | Steven Horwitz | 4 comments | Continued-
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