The wealth of nations rediscovered

"This new study applies the economic theory of information asymmetry to our understandings of early U.S. financial development, expanding on recent scholarship of finance-led economic growth. The book's research is original, incorporating little-used archival material and new data on early U.S. securities prices, trading volumes, and stockholder patterns. The topics covered - securities trading, market liquidity, intermediation, banking reform, emerging market success, and foreign investment - are relevant to discussions in today's business community. Drawing from and building upon Adam Smith's lesser-known insights into financial relationships, The Wealth of Nations Rediscovered positions itself on the cusp of emerging paradigm shifts in history and economics."--BOOK JACKET.