Sunday, October 25, 2009

Finance and Economic Growth

A week ago in Mexico City John Lipsky, IMF First Deputy Managing Director, made some interesting remarks on finance and economic growth. During the speech, he cited work by Richard Sylla, Peter Rousseau, and yours truly:

"The Wealth of Nations Rediscovered, by Robert E. Wright,16 is a fascinating and convincing portrayal of information efficiency in early (pre-1850) American capital markets, that in fact were subject to very light regulation."

No wonder Cambridge University Press has (finally) brought WONR out in paperback!:

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