Quentin Bruneau, "States and the Masters of Capital: Sovereign Lending, Old and New" (Columbia UP, 2022)
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.
In States and the Masters of Capital (Columbia University Press, 2022), he shows how an old world made…
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