State and Market in Victorian Britain: War, Welfare and Capitalism

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In the course of the nineteenth century, the economic structure and policies of Britain were remade, as the costs of the "fiscal-military" state which fought successful wars against France were cut, and monopolies gave way to free trade, while monetary policy was determined by the automatic operation of the gold standard. However, the result was not, as might be expected, the triumph of laissez faire; there was continued concern about the moral and social consequences of economic change. In this magisterial ...
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Overview

In the course of the nineteenth century, the economic structure and policies of Britain were remade, as the costs of the "fiscal-military" state which fought successful wars against France were cut, and monopolies gave way to free trade, while monetary policy was determined by the automatic operation of the gold standard. However, the result was not, as might be expected, the triumph of laissez faire; there was continued concern about the moral and social consequences of economic change. In this magisterial collection, Professor MARTIN DAUNTON looks at the connections between state and market in this period, and the ways in which all society was affected. He argues that central to the politics of Victorian Britain was determining where the line should be drawn between private profit and social costs - a task that implicated the courts and politicians in defining the nature of capitalist society. The outcome was not determined by "gentlemanly capitalists" comprising landowners and financiers who dominated the state and denied a voice to industrialists and their workers. Rather, the choices reflected the interplay between all interests, including those of the state itself. MARTIN DAUNTON is Master of Trinity Hall and Professor of Economic History at the University of Cambridge.
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Editorial Reviews

From the Publisher
For anyone interested in the flow of state power between different levels and domains, there are few better places from which to set out than this rich, stimulating book. ENGLISH HISTORICAL REVIEW It is impossible to do justice to this rich and stimulating book by some sort of simple summary, but one consequence of its richness and complexity is that it will be attractive to readers outside of British history. (...) This is a very cheering book. It is based on detailed studies using detailed evidence and, as its critical apparatus shows, a wide reading of the detailed scholarship on all of the questions with which it is concerned. It is the sort of book that enlightens as it stimulates and causes us to raise further questions that Daunton and others can turn to with keen eagerness. JOURNAL OF MODERN HISTORY This book gives us an extraordinary example of the best ways to write and think about the economy - its history, complexity, institutions, values, and ideas - at both the micro and macro levels. VICTORIAN STUDIESThis book, then, should be read both for its powerful analysis of the dynamics of the Victorian state, providing an important perspective on almost all major issues in understanding Victorian society, but also as a major contribution to undermining the narrative of decline which still encumbers so much of the historiography of modern Britain. REVIEWS IN HISTORY Will be of interest to all kinds of professional historians, many of whom will find it useful to have Daunton's thoughts collected here. JOURNAL OF BRITISH STUDIEST
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Product Details

  • ISBN-13: 9781843833833
  • Publisher: Boydell & Brewer, Limited
  • Publication date: 6/28/2008
  • Edition description: New Edition
  • Pages: 352
  • Product dimensions: 6.48 (w) x 9.26 (h) x 1.29 (d)

Table of Contents

1 Introduction 1

2 The Fiscal-Military State and the Napoleonic Wars 40

3 Trusting Leviathan: the Politics of Taxation, 1815-1914 61

4 Taxation and Representation in the Victorian City 89

5 The Material Politics of Natural Monopoly: Gas in Victorian Britain 111

6 Tax Transfers: Britain and its Empire, 1848-1914 128

7 'Gentlemanly Capitalism' and British Industry, 1820-1914 148

8 Inheritance and Succession in the City of London in the Nineteenth Century 179

9 Firm and Family in the City of London in the Nineteenth Century: the Case of F. G. Dalgety 196

10 Britain and Globalization: Creating a Global Order, 1850-1914 220

11 Payment and Participation: Welfare and State Formation in Britain, 1900-1951 254

12 Mutuality and State Formation: Britain and the United States, c. 1890-1940 290

Index 317

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