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This book explores how the rise of paper credit (i.e. non-commodity-backed money instruments) during the Scottish Enlightenment influenced broader shifts in thought, culture, economics, and psychology, particularly as these ideas and practices took hold in Early Republic Boston (1780-1820).
Key themes include:
How new financial structures (especially credit instruments) challenged and changed beliefs about the nature of money and value.
The interaction between economic practice (credit systems, banking, etc.) and intellectual life (theories of sentiment, moral philosophy, the changing idea of value) during the Enlightenment.
How American acceptance of Scottish ideas (moral sense philosophers, political economists) fed into evolving views of value and money in the Early American republic.
Psychological and epistemological shifts: acceptance of nominal value; the idea that value can exist in representations / signs (credit, paper money) rather than intrinsic physical commodities.
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Publishing Year: 2006
ISBN: 978-1851968855
Pages: 251