The Tontine

A History

Andrew McDiarmid (University College Dublin)

$105

Hardback

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English

Routledge
04 October 2024

History; Economic history; Public finance accounting; Investment & securities; Insurance & actuarial studies

Series: Routledge Focus on Financial History

From the last decades of the seventeenth century until the beginning of the twentieth, the tontine, in one form or another, was a ubiquitous financial instrument. As a revenue-raising tool of governments it supported the cost of war, and as a private capital-raising instrument it provided funding for civic improvement and urban development projects.

While the tontine is known today mainly through fictional works (Robert Louis Stevenson, Agatha Christie, and The Simpsons among others), this book tells the history of how it evolved from a public revenue-raising scheme into a popular private investment and infrastructure financing tool, before it was displaced by cheaper forms of borrowing. Focusing on the early development of the tontine, and with European and North American case studies, the narrative brings to life the story of a little-understood financial innovation.

This concise and engaging book is an ideal introduction to the history of the tontine for all readers interested in financial history.

By: Andrew McDiarmid (University College Dublin)
Imprint: Routledge
Country of Publication: United Kingdom
Dimensions: Height: 216mm, Width: 138mm,
Weight: 453g
ISBN: 9781032791999
ISBN 10: 1032791993
Series: Routledge Focus on Financial History
Pages: 94
Publication Date: 04 October 2024
Audience: College/higher education , Professional and scholarly , Primary , Undergraduate
Format: Hardback
Publisher's Status: Active

Andrew McDiarmid earned his PhD from the University of Dundee and attended Yale University's Graduate School of Arts and Sciences. His research focuses on financial history from the early modern period to the twentieth century, with his first monograph on the subject of the Scottish Financial Revolution released in 2023. He is currently the SFI/IRC pathways fellow at University College Dublin, where he is undertaking a major project exploring the history of tontines between the seventeenth and nineteenth centuries.

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The Tontine

A History

Andrew McDiarmid (University College Dublin)

$105

Hardback

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