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Creating capitalism: joint-stock enterprise in British politics and culture, 1800-1870 (Paperback edition)

Research output: Book/Report/ProceedingsBook

Published

Publication date15/05/2014
Place of publicationWoodbridge
PublisherBoydell Press
Number of pages266
EditionPaperback
ISBN (Print)9780861933235
Original languageEnglish

Publication series

NameRoyal Historical Society Studies in History New Series

Abstract

Winner of the Economic History Society's Best First Monograph award 2009.

Paperback edition.

The emergence of the joint-stock company in nineteenth-century Britain was a culture shock for many Victorians. Though the home of the industrial revolution, the nation's economy was dominated by the private partnership, seen as the most efficient as well as the most ethical form of business organisation. The large, impersonal company and the rampant speculation it was thought to encourage were viewed with suspicion and downright hostility.

This book argues that the existing historiography understates society's resistance to joint-stock enterprise; it employs an eclectic range of sources, from newspapers and parliamentary papers to cartoons, novels and plays, to unearth this forgotten economic debate. It explores how the legal system was gradually restructured to facilitate joint-stock enterprise, a process culminating in the limited liability legislation of the mid-1850s. This has typically been interpreted as evidence for the emergence of new, positive attitudes to speculation and economic growth, but the book demonstrates how traditional outlooks continued to influence legislation, and the way in which economic reforms were driven by political agendas. It shows how debates on the economic culture of nineteenth-century Britain are strikingly relevant to current questions over the ethics of multinational corporations.

Bibliographic note

Paperback edition