“The oldest recorded group of this nature is the fabulously named Society of Guardians for the Protection of Trade Against Swindlers and Sharpers, founded in London in 1776. (A sharper, in Georgian parlance, was a cheat.)”
“British capital markets significantly downplays the extent to which the Bank of England, though founded as an institution to manage the public debt, provided the entire financial system with liquidity in the 18th century.”
“We combine annual stock market data for the most important equity markets of the last four centuries: the Netherlands/U.K. (1629-1812), U.K. (1813-1870) and U.S. 1871-2015). We show that dividend yields are stationary and consistently forecast returns.”
“The debtors’ prison is a frequent historical bogeyman, a Dickensian symptom of the illogical cruelty of the past that disappeared with enlightened capitalism. As imprisoning someone who could not afford to pay their debts, keeping them away from work and family, seems futile it is assumed creditors were doing so to satisfy petty revenge.”
“In my paper I intend to examine the early American business ideology (and business practices) of Benjamin Franklin by examining writings such as his Autobiography, The Way to Wealth, Advice to a Young Tradesman, etc. This study illustrates not only a success story of an early American entrepreneur, based on his work ethic of industry, thrift, and rationality, but also the origin of business ideology which promoted American industrialization.”
