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Capitalism Before Corporations

By Andreas Televantos

Capitalism Before Corporations

By Andreas Televantos

0 - Default Title
Description
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'sChancellorship, 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. Thingswere 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 generalincorporation was allowed. Unaided by statute, traders had to create business organisations using the basic building blocks of private law: trusts, partnership, and agency.
Product details
Number of Pages:
226
Release Date:
2021-02-03
Publication Date:
2021-02-01
Publisher:
Oxford University Press (UK)
Languages:
Original: English
ISBN10:
0198870345
ISBN13:
9780198870340
GPSR Manufacturer Reference:
[email protected]
Weight:
508 g
Height:
161 cm
Width:
240 cm
Thickness:
17 cm
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