The Origin of the New York Stock Exchange, 1791-1860
AbstractA small number of early nineteenth-century New York stockbrokers built, from scratch, an organization that by the end of the century would be one of the most powerful nongovernmental bodies in the world. The origin and the early growth of the New York Stock and Exchange Board can be attributed in large part to the brokers' success in regulating themselves, a success that enabled them to create wealth and to capture wealth from nonmembers. The value of the stock and exchange board's regulatory function was enhanced by the unenforceability in the New York courts of an important class of transactions. In its earliest decades, the board was the only institution capable of regulating, and resolving disputes arising from, a wide range of market activity. Copyright 1998 by the University of Chicago.
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoArticle provided by University of Chicago Press in its journal Journal of Legal Studies.
Volume (Year): 27 (1998)
Issue (Month): 1 (January)
Contact details of provider:
Web page: http://www.journals.uchicago.edu/JLS/
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Brousseau, Eric & Raynaud, Emmanuel, 2011.
""Climbing the hierarchical ladders of rules": A life-cycle theory of institutional evolution,"
Journal of Economic Behavior & Organization,
Elsevier, vol. 79(1-2), pages 65-79, June.
- Brousseau, Eric & Raynaud, Emmanuel, 2011. "“Climbing the hierarchical ladders of rules”: A life-cycle theory of institutional evolution," Journal of Economic Behavior & Organization, Elsevier, vol. 79(1), pages 65-79.
- Baron, David P., 2001. "Private Ordering on the Internet: The eBay Community of Traders," Research Papers 1709, Stanford University, Graduate School of Business.
- Edward Stringham & Todd Zywicki, 2011. "Rivalry and superior dispatch: an analysis of competing courts in medieval and early modern England," Public Choice, Springer, vol. 147(3), pages 497-524, June.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Journals Division).
If references are entirely missing, you can add them using this form.