Summary of JOIE article ( First View 14 May 2021) by Joyce K. Nabisaalu and Per L. Bylund, Oklahoma State University. The full article is available on the JOIE Website. “Financial institutions made it easy or at least generally possible for ability to secure capital when not in possession of it by direct ownership and made…
Tag: Financial Institutions
Financial Institutions and the British Industrial Revolution: Did Financial underdevelopment hold back Growth?
Summary of JOIE article (17(3), June 2021) by Geoffrey M. Hodgson, Institute for International Management, Loughborough University London. The complete article is available on the JOIE website. This is a summary of an article that addresses the role of financial institutions in empowering the British Industrial Revolution. Prominent economic historians have argued that investment was largely…