Questioning Credible Commitment

Explore the intricate layers of financial capitalism in "Questioning Credible Commitment" by D'Maris Coffman, published by Cambridge University Press in 2013. This compelling hardcover edition spans 298 pages, delving into the foundational theories of economic trust and state credit. A specially assembled group of historians and economists critically examines the renowned 'credible commitment' thesis proposed by North and Weingast in 1989, revealing the limitations of relying solely on parliamentary endorsement of public finance to establish a nation's creditworthiness. This thought-provoking work offers valuable insights for both academics and practitioners interested in the complexities of fiscal policy and macroeconomics in the United Kingdom. Enhance your understanding of capitalism's origins and the dynamics of credible commitments with this essential read.