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States and the Masters of Capital: Sovereign Lending, Old and New (Columbia Studies in International Order and Politics) by Quentin Bruneau is a nonfiction available to read on EtoBox.

What is States and the Masters of Capital: Sovereign Lending, Old and New (Columbia Studies in International Order and Politics) about?

Today, states’ ability to borrow private capital depends on stringent evaluations of their creditworthiness. While many presume that this has long been the case, Quentin Bruneau argues that it is a surprisingly recent phenomenon―the outcome of a pivotal shift in the social composition of financial markets. Investigating the financiers involved in lending capital to sovereigns over the past two centuries, Bruneau identifies profound changes in their identities, goals, and forms of knowledge. He shows how an old world made up of merchant banking families pursuing both profit and status gradually gave way to a new one dominated by large companies, such as joint stock banks and credit rating agencies, exclusively pursuing profit. Lacking the web of personal ties to sovereigns across the world that their established rivals possessed, these financial institutions began relying on a different form of knowledge created to describe and compare states through quantifiable data: statistics. Over the course of this epochal shift, which only came to an end a few decades ago, financial markets thus reconceptualized states. Instead of a set of individuals to be known in person, they became number

Who reads States and the Masters of Capital: Sovereign Lending, Old and New (Columbia Studies in International Order and Politics)?

Author

Quentin Bruneau

Publisher

Columbia University Press

Published

2022

Language

EN

ISBN

9780231204682

Category

nonfiction

Subjects

Economics, Business