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| Tekijä: | Bryer, R. |
| Otsikko: | The Mercantile Laws Commission of 1854 and the political economy of limited liability |
| Lehti: | Economic History Review
1997 : FEB, VOL. L:1, p. 37-56 |
| Asiasana: | ECONOMIC HISTORY LAW POLITICAL ECONOMY |
| Kieli: | eng |
| Tiivistelmä: | It is widely agreed that the coming of limited liability in the Joint-Stock Companies Act of 1855 marked a revolutionary change. However, this change is hard to explain because it appeared to serve no particular interest. This article supports the lone alternative view of Jeffreys that limited liability was introduced in the interests of wealthy potential investors. It argues that the commission's report presented parliament with competing analyses of limited liability from the perspectives of two very different theories of political economy. |
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