England 1688-1788

"Suetonius, undismayed by this disaster, marched through the heart of the country as far as London; a place not dignified with the name of a colony, but the chief residence of merchants, and the great mart of trade and commerce."

Tacitus, Annals, Book XIV, Ch. 33. (the event is in the year 61 CE, emphasis mine)

(At Suetonius mira constantia medios inter hostes Londinium perrexit, cognomento quidem coloniae non insigne, sed copia negotiatorum et commeatuum maxime celebre.)

The public debt and capital markets

  • * Quinn, Stephen (2008). "Securitization of Sovereign Debt: Corporations as a Sovereign Debt Restructuring Mechanism in Britain, 1694 to 1750," mimeo.
  • ** Chamley, Christophe (2011). “Interest Reductions in the Politico-Financial Nexus of 18th Century  England,” The Journal of Economic History, Vol. 71, 555-589.
  • ** Sutherland, L.S. (1946). “Samson Gideon and the Reduction of Interest: 1749-50,” The Economic History Review, 16, 15-29.
  • ** Brewer, John (1990). The Sinews of Power: War Money and the English State, 1688-1783, chapter 4, "Money, Money, the Growth in Debts and Taxes", 88-134.
  • *Nye, J. (2007). War, Wine, and Taxes: The Political Economy of Anglo-French Trade, 1689-1900Chapter 6
  • Macdonald, James on the South Sea Bubble, pages 205-219

  • Dickson, (1967). Chapter 5, "The South Sea Bubble (I).
  • Carlos, Ann,  Larry Neal and Kirsten Wandschneider (2006). "The Origins of National Debt: The Financing and Re-financing of the War of the Spanish Succession, mimeo.
  • Carlos, Ann, M. Erin Fletcher and Larry Neal (2012). "Share portfolios and risk management in the early years of financial capitalism: London 1690-1730, DP 202-6, Australian National Unviersity.
  • Dale, Richard S., Johnie E.V Johnson, and Leilei Tang (2005). "Financial markets can go mad: evidence of irrational behaviour during the South Sea Bubble, " Economic History Review, 233-271.
  • Sussman, Nathan, and Yishay Yafeh (2005). "Constitutions and Commitment: Evidence on the Relation between institutions and the Cost of Capital," mimeo.
  • Mathias, Peter, and Patrick O'Brien (1976). "Taxation in Britain and France, 1715-1810, a comparaison," Journal of European Economic History,  text
  • McCloskey, Donald , N. (?). "A Mismeasurement of the Incidence of Taxation in Britain and France, 1715-1810," Journal of European Economic History,  text.
  • Patrick K. O'Brien. (1988) "The Political Economy of British Taxation, 1660-1815," The Economic History Review 41(1):1-32.