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By Emily Erikson

Chartered businesses, the organizational precursors to fashionable multinationals, acted because the fundamental autos in the back of the growth of eu political and financial hegemony, and have been hence relevant to the production of contemporary international political and financial associations, and overseas exchange and relatives. This quantity covers the evolution of the chartered corporation shape, starting with one of many earliest recognized chartered firms, Casa di San Giorgio, based in 1407. additionally incorporated are the service provider Adventurers, the Levant corporation, the English and Dutch East India businesses, Royal African corporation, and Hudson's Bay corporation. jointly, the contributions hire comparative tools, archival examine, case reports, statistical analyses, computational types, community analyses, and new theoretical conceptualizations to map out the complicated interactions that came about in the businesses among country and advertisement actors in and throughout Europe, Asia, Africa, and the Americas--interactions that renegotiated and eventually institutionalized what have been to develop into sleek conceptions of private and non-private and outlined the various political and financial buildings of capitalism.

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Additional resources for Chartering Capitalism: Organizing Markets, States, and Publics

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Schmitthoff, M. (1939). The origin of the joint-stock company. The University of Toronto Law Journal, 3(1), 74À96. Scott, W. R. (1910). The constitution and finance of English, Scottish and Irish joint-stock companies to 1720. Cambridge: Cambridge University Press. Simon, H. A. (1991). Organizations and markets. Journal of Economic Perspectives, 5(2), 25À44. Stasavage, D. (2003). Public debt and the birth of the democratic state. New York, NY: Cambridge University Press. Steensgaard, N. (1974).

210À211). In one sense, firms and corporations were distinguished by the types of organizational problems they were employed to solve. Corporations offered many features a firm could not: a unique relationship with the Crown, in the form of a charter; fiscal permanence in their capital stock; political permanence in their expectation of perpetual existence; and legal identity, as a singularity or legal “person,” capable of engaging in debts, suing and being sued, and many other perquisites that blurred the lines between individuals and the aggregate corporation.

The Standard rule is,” he argued, “to know whether the Trade of the Place will bear a Campany [sic], or not” (Molloy, 1677, p. 434). To this view, there was nothing inherent to the corporate form that made it good or not, efficient or not, legal or not; like a monarchy or republic, it was the goals and nature of the corporate society rather than its means that justified its particular form of organization and incorporation. If corporate government had ostensible advantages in certain contexts over others, it also was in some cases preferable even to the state and certainly to private trade in its ability to collect and deploy resources.

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