Category: History

Microfinance: born in the USA? Part 2, evolution

2 July, 2008 (08:15) | Capital markets, Finance, History, Innovations, Speculation | No comments

[Continued from yesterday’s Part 1.]
 
Yesterday’s post explored the emergence of ’steam-powered microfinance’ from the turn-of-the-century household-finance industry, as chronicled in Funding Universe.
 

Another turn-of-the-century invention: New York’s Williamsburg bridge
 
By 1900, HFC had established itself, developed a market niche, introduced its killer-app financial product – a short tenor, small personal loan for almost any purpose – and […]

Microfinance: born in the USA? Part 1, birth

1 July, 2008 (08:18) | Capital markets, Finance, History, Innovations, Speculation | No comments

Age has few enough consolations, of which one is that things others might have studied in school, you can remember.
 

Decades hence, who among us will still remember this class?
 
We think of microfinance as a post-electronic activity, yet some of us can remember a similar small-scale finance that comes from a time before the internet, before […]

Water economics essential principles: Part 2, all channels flow into the Basic Model

16 May, 2008 (08:17) | Cities, Essential posts, History, Infrastructure, Urbanization | No comments

[The original post may be found here: Part 1, Part 2, Part 3, Part 4, Part 5, Part 6, and Part 7.]
 
We saw yesterday that cities grow when they have more clean water, and that increasing water supply means mastering technology, law and government, and finance. It’s almost as if the physical difficulties of […]

Water economics essential principles: Part 1, water and cities

15 May, 2008 (08:30) | Cities, Essential posts, History, Infrastructure, Urbanization | No comments

Not only does the availability and amount of clean water control the size of cities, management of water resources has been a principal driver in advances in technology, law and government, and finance.
 

The most basic of needs
 
That idea formed itself as I read, and then re-read, a terrific law article Thirst: A Short History of […]

The economics of water: Part 7, New York invents municipal finance

18 April, 2008 (09:02) | Cities, History, Infrastructure, Multipart posts, New York City, Urbanization | No comments

[Continued from the previous Part 1, Part 2, Part 3, Part 4, Part 5, and Part 6.]
 
As we’ve seen so far in this extended series on the economics of water taking off from Duke law professor Jim Salzman’s article Thirst: A Short History of Drinking Water, since housing is what makes cities, infrastructure – […]