Making the Market: Victorian Origins of Corporate Capitalism

Making the Market: Victorian Origins of Corporate Capitalism

by Paul Johnson
     
 

View All Available Formats & Editions

ISBN-10: 052185783X

ISBN-13: 9780521857833

Pub. Date: 03/31/2010

Publisher: Cambridge University Press

Corporate capitalism was invented in nineteenth-century Britain; most of the market institutions that we take for granted today - limited companies, shares, stock markets, accountants, financial newspapers - were Victorian creations. So were the moral codes, the behavioural assumptions, the rules of thumb and the unspoken agreements that made this market structure

Overview

Corporate capitalism was invented in nineteenth-century Britain; most of the market institutions that we take for granted today - limited companies, shares, stock markets, accountants, financial newspapers - were Victorian creations. So were the moral codes, the behavioural assumptions, the rules of thumb and the unspoken agreements that made this market structure work. This innovative study provides the first integrated analysis of the origin of these formative capitalist institutions, and reveals why they were conceived and how they were constructed. It explores the moral, economic and legal assumptions that supported this formal institutional structure, and which continue to shape the corporate economy of today. Tracing the institutional growth of the corporate economy in Victorian Britain and demonstrating that many of the perceived problems of modern capitalism - financial fraud, reckless speculation, excessive remuneration - have clear historical precedents, this is a major contribution to the economic history of modern Britain.

Product Details

ISBN-13:
9780521857833
Publisher:
Cambridge University Press
Publication date:
03/31/2010
Series:
Cambridge Studies in Economic History - Second Series
Pages:
266
Product dimensions:
6.10(w) x 9.10(h) x 0.80(d)

Table of Contents

1. Mammon's cradle; Part I. Individuals: 2. Contracts, debts and debtors; 3. Coercion, custom and contract at work; Part II. Institutions: 4. The incorporation of business; 5. The limitation of liability; 6. Corporate performance; Part III. Information: 7. Shareholders, directors and promoters; 8. Mammon's conceit; Bibliography.

Customer Reviews

Average Review:

Write a Review

and post it to your social network

     

Most Helpful Customer Reviews

See all customer reviews >