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Making the Market - Victorian Origins of Corporate Capitalism (Hardcover)
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Making the Market - Victorian Origins of Corporate Capitalism (Hardcover)
Series: Cambridge Studies in Economic History - Second Series
Expected to ship within 12 - 17 working days
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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.
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