The Cash Nexus by Niall Ferguson
Money and Power in the Modern World, 1700-2000
A sweeping history of how the flow of money—through taxation, public debt, wars, and financial markets—has shaped modern states and international power from the eighteenth century to the present. It argues that fiscal capacity and financial innovation, more than ideology, drive political decisions, the rise and fall of empires, and the evolution of democracy. Drawing on case studies and data, it traces the fiscal-military state, the influence of bond markets and central banks, and the ways financial constraints steer conflict, welfare, and reform.
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- Published
- 2001
- Nationality
- British
- Length
- Moderate
- Pages
- 480-520
- Original Language
- English
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