Taming the Fringe analyses the regulation and evolution of two credit products that were, and remain, vital to the working poor. Policymakers have struggled with pawnbroking and moneylending because they raise broader issues pertaining to poverty, capitalism and financial regulation. The values of easily accessible credit and financial independence compete with society’s desire to protect people from predatory loans. Policymakers have pondered whether regulation can lower costs wi...

The unexpected end of the protracted conflict has been a sobering experience for scholars. No theory had anticipated how the Cold War would be terminated, and none should also be relied upon to explicate its legacy. But instead of relying on preconceived formulas to project past developments, taking a historical perspective to explain their causes and consequences allows one to better understand trends and their long-term significance. The present book takes such perspective, focusing on t...