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From Partisan Banking to Open Access: The Emergence of Free Banking in Early Nineteenth Century Massachusetts

By Qian Lu
Hardcover
$54.99
By Qian Lu
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How did banking in early nineteenth-century Massachusetts evolve? Lu provides a compelling narrative about the connection between inclusive political systems and open access economies, hypothesizing that entry into banking was firstly made upon partisan grounds before later becoming open access/free entry. Lu investigates state level institutional change and studies the transition to open access from an economic perspective. What was the relationship between banking and political elites? Wh...