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The development of the corporation in England, with emphasis on limited liability

Max Gillman (Department of Economics, University of Otago, Dunedin, New Zealand)
Tim Eade (Department of Economics, University of Otago, Dunedin, New Zealand)

International Journal of Social Economics

ISSN: 0306-8293

Article publication date: 1 April 1995

1366

Abstract

Traces the evolution of the corporation in England, from Greco‐Roman times to the Joint Companies Act of 1862. The evolution suggests a supply of the corporate form that responded to the demands of the marketplace. With the growing specialization of labour in the markets, the corporate form came to be more specialized itself, ending with the enactment of universally available limited liability incorporation.

Keywords

Citation

Gillman, M. and Eade, T. (1995), "The development of the corporation in England, with emphasis on limited liability", International Journal of Social Economics, Vol. 22 No. 4, pp. 20-32. https://doi.org/10.1108/03068299510084582

Publisher

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MCB UP Ltd

Copyright © 1995, MCB UP Limited

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