A History of Interest Rates presents a very readable account of interest rate trends and lending practices over four millennia of economic history. Despite the paucity of data prior to the Industrial Revolution, authors Homer and Sylla provide a highly detailed analysis of money markets and borrowing practices in major economies. Underlying the analysis is their assertion that ...
A History of Interest Rates presents a very readable account of interest rate trends and lending practices over four millennia of economic history. Despite the paucity of data prior to the Industrial Revolution, authors Homer and Sylla provide a highly detailed analysis of money markets and borrowing practices in major economies. Underlying the analysis is their assertion that "the free market long-term rates of interest for any industrial nation, properly charted, provide a sort of fever chart of the economic and political health of that nation." Given the enormous volatility of rates in the 20th century, this implies we're living in age of political and economic excesses that are reflected in massive interest rate swings. Gain more insight into this assertion by ordering a copy of this book today.
After Waterloo, 1815, this was a century of relative peace. British wars were small, brief, and victorious. There was war with China in 1839-1842, the Crimean War with Russia in 1854-1855, the Indian mutiny in 1857, another war with China in 1857-1858, the Afghan War in 1878, the Zulu War in 1878-1879, the intervention in Egypt in 1882, and, finally, the longer Boer War in 1899-1902. The British navy, however, saw no fleet action for almost one hundred years. (查看原文)
意方远
中信出版社2010版
大凡书
中信出版社2010版
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