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Books > Law > Laws of other jurisdictions & general law > Financial, taxation, commercial, industrial law > Commercial law
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Capitalism Before Corporations - The morality of business associations and the roots of commercial equity and law (Hardcover, 1)
Loot Price: R2,980
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Capitalism Before Corporations - The morality of business associations and the roots of commercial equity and law (Hardcover, 1)
Series: Oxford Legal History
Expected to ship within 12 - 17 working days
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To what extent did English law facilitate trade before the advent
of general incorporation and modern securities law? This is the
question at the heart of Capitalism before Corporations. It
examines the extent to which legal institutions of the Regency
period, especially Lord Eldon's Chancellorship, were sympathetic to
the needs of merchants and willing to accommodate their changing
practices and demands within established legal doctrinal frameworks
and contemporary political economic thought. In so doing, this book
probes at the heart of modern debates about equity, trusts,
insolvency, and the justifiability of corporate privileges.
Corporations are an integral part of modern life. We bank with
corporations, we usually buy our groceries from them, and they
provide us with most news and media. We take it for granted too
that most large-scale business, and even much small-scale business,
is carried out by corporations. Things were not always so.
Televantos considers the Bubble Act of 1720, which criminalised the
forming of corporations without a Royal Charter or Act of
Parliament, its repeal in 1825, and the subsequent impact. Much of
the modernisation of Britain's industry therefore took place before
general incorporation was allowed. Unaided by statute, traders had
to create business organisations using the basic building blocks of
private law: trusts, partnership, and agency.
General
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