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City of Capital: Politics and Markets in the English Financial Revolution

City of Capital: Politics and Markets in the English Financial Revolution BOOK REVIEWS BRUCE G. CARRUTHERS, City of Capital: Politics and Markets in the English Financial Revolution. Princeton: Princeton University Press, 1996; paper­ back ed., 1999. xiv, 303 pp. $18.95. Three things go on at once in this book, each presumably directed at a differ­ ent audience. First, Bruce Carruthers has consolidated a wide range of information about early modem English public finance and its legal and political context into a bit more than 200 pages of text. The subject has long been parceled out among disci­ plinary communities-political historians have examined the rise of political par­ ties, economic historians have covered the workings of the new economic institu­ tions, and legal historians have handled the birth of what would eventually come to be called corporate law. Carruthers, a sociologist, is the first to put it all togeth­ er in a single package. Inevitably, some passages are likely to be dreary for spe­ cialists. Political historians will find nothing new in Carruthers' retelling of the old Whig-Tory story; economic historians will pass over his explanations of some very basic economic concepts. But nonspecialists will find the book quite useful in understanding an important subject-the origin of today's financial markets­ that http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png American Journal of Legal History Oxford University Press

City of Capital: Politics and Markets in the English Financial Revolution

American Journal of Legal History , Volume 44 (1) – Jan 1, 2000

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Publisher
Oxford University Press
Copyright
Copyright 2000 Temple University. For permissions, please e-mail: journals.permissions@oup.com
ISSN
0002-9319
eISSN
2161-797X
DOI
10.2307/846256
Publisher site
See Article on Publisher Site

Abstract

BOOK REVIEWS BRUCE G. CARRUTHERS, City of Capital: Politics and Markets in the English Financial Revolution. Princeton: Princeton University Press, 1996; paper­ back ed., 1999. xiv, 303 pp. $18.95. Three things go on at once in this book, each presumably directed at a differ­ ent audience. First, Bruce Carruthers has consolidated a wide range of information about early modem English public finance and its legal and political context into a bit more than 200 pages of text. The subject has long been parceled out among disci­ plinary communities-political historians have examined the rise of political par­ ties, economic historians have covered the workings of the new economic institu­ tions, and legal historians have handled the birth of what would eventually come to be called corporate law. Carruthers, a sociologist, is the first to put it all togeth­ er in a single package. Inevitably, some passages are likely to be dreary for spe­ cialists. Political historians will find nothing new in Carruthers' retelling of the old Whig-Tory story; economic historians will pass over his explanations of some very basic economic concepts. But nonspecialists will find the book quite useful in understanding an important subject-the origin of today's financial markets­ that

Journal

American Journal of Legal HistoryOxford University Press

Published: Jan 1, 2000

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