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This points to a trade-off: a certain set of political institutions could reinforce the credibility of debt repayment, but these institutions were inherently undemocratic (even by the standards of the time), and, as I will argue, closed
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The History Book Club
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— last activity Oct 14, 2026 11:51AM
"Interested in history - then you have found the right group". The History Book Club is the largest history and nonfiction group on Goodread ...more
Thomas’s 2025 Year in Books
Take a look at Thomas’s Year in Books, including some fun facts about their reading.
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