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THE RISE OF MARKET SOCIETY IN ENGLAND, 1066-1800

Christiane Eisenberg
Translated from the German by Deborah Cohen

176 pages, 12 illus., 5 tables, bibliog., index

ISBN  978-1-78238-258-4 $70.00/£43.00 Hb Published (December 2013)

eISBN 978-1-78238-259-1 $70.00/£43.00 eBook Published


Hb eBook
 

“…this monograph, smoothly translated from the German and with a useful bibliography, should attract academic readers from undergraduates to faculty… Highly recommended.”  ·  Choice

[This study] is enviably succinct and gives readers an overview of main developments in the rise of a market society, stretching from the 11th century to the early 19th. More than any other book on this subject I know, it engages directly with major approaches and theorists in the social science, past and present. Finally, it connects commercial changes with law, institutions and social hierarchy.”  ·  Frank Trentmann, Birkbeck College

It requires considerable courage to describe England’s path to the market economy from the Norman Conquest to the beginning of the Industrial Revolution in such a slim book. Maybe it needs the perspective of a well informed outsider to tackle such a demanding task….Of particular value for an English-speaking readership is the fact that the author presents recent German-language research on Britain that tends to be ignored. And not less interesting are the author’s explicit comparisons with Continental Europe, especially Germany.”  ·  Willibald Steinmetz, University of Bielefeld

Focusing on England, this study reconstructs the centuries-long process of commercialization that gave birth to the modern market society. It shows how certain types of markets (e.g. those for real estate, labor, capital, and culture) came into being, and how the social relations mediated by markets were formed. The book deals with the creation of institutions like the Bank of England, the Stock Exchange, and Lloyd’s of London, as well as the way the English dealt with the uncertainty and the risks involved in market transactions. Christiane Eisenberg shows that the creation of a market society and modern capitalism in England occurred under circumstances that were utterly different from those on the European continent. In addition, she demonstrates that as a process, the commercialization of business, society, and culture in England did not lead directly to an industrial society, as has previously been suggested, but rather to a service economy.

Christiane Eisenberg is Professor of British History at the Centre for British Studies at the Humboldt University, Berlin. Her interests lie in the comparative social and cultural histories of Germany and Britain in the 19th and 20th centuries. Internationally she is known for her work on the diffusion of modern sport.

Series: Volume 1, Studies in British and Imperial History


LC: HF3505 .E58413 2014

BL: YC.2014.a.2684

BISAC: HIS015000 HISTORY/Europe/Great Britain; BUS023000 BUSINESS & ECONOMICS/Economic History

BIC: HBJD1 British & Irish history; KCZ Economic history



Contents

List of Tables
List of Illustrations
Preface
Preface to the Translation

Introduction: England and the Process of Commercialization

Chapter 1. Medieval Foundations of Market Exchange

  • Institutions and Law
  • Social Structure, Mobility, and Social Relations

Chapter 2. Growth and Consolidation of Market Exchange in the Early Modern Period

  • Impulses toward Commercialization: Population Growth, Agrarian Revolution, and Urbanization
  • Reciprocal Effects between Commerce and Industry
  • Centralized Production
  • Urban Trades
  • Rural Proto-industry
  • Concentration of Powers: The Financial Revolution of the Eighteenth Century

Chapter 3. The Embeddedness of Market Exchange

  • Generating Trust
  • Facts, News, and Periodicity
  • Games, Speculation, and the Culture of Commerce

Conclusions: Commercialization as an Historical Process

  • English Market Society in 1800: Regulatory Mechanisms and Directions of Development
  • Driving Forces, Path Dependencies, and Development Potential: Perspectives for a Long-term European Comparison

Bibliography
Image Credits
Index

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