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Victorian Insolvency: Bankruptcy, Imprisonment for Debt, and Company Winding-up in Nineteenth-Century England

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  • Lester, V. Markham

    (Birmingham-Southern College, Alabama)

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    Abstract

    This is the first legal and financial history of bankruptcy in nineteenth-century England. V. Markham Lester offers a full statistical analysis and detailed account of bankruptcy, imprisonment for debt, and company winding-up, and traces the decline in the level of insolvency towards the end of the century. His scholarly and detailed analysis demonstrates the validity of the Victorians' notion that financial failure was a significant problem for English society. Dr Lester shows that random factors may have played as great a role as cyclical fluctuations in bankruptcy levels. Victorian Insolvency also adds a new and significant dimension to the debate on government growth by analysing for the first time the part the English legal system played in the growth of British government. By the end of the nineteenth century, the administration of bankrupt estates was one of the largest items of government expenditure. Dr Lester sets Victorian management of insolvency in the context of other nineteenth-century legal and financial reforms and assesses its role in the development of the modern British state. Available in OSO: http://www.oxfordscholarship.com/oso/public/content/history/9780198205180/toc.html

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    Bibliographic Info

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    This book is provided by Oxford University Press in its series OUP Catalogue with number 9780198205180 and published in 1995.

    ISBN: 9780198205180
    Order: http://ukcatalogue.oup.com/product/9780198205180.do
    Handle: RePEc:oxp:obooks:9780198205180

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    Web page: http://www.oup.com/

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    Cited by:
    1. Acheson, Graeme G. & Turner, John D., 2008. "The death blow to unlimited liability in Victorian Britain: The City of Glasgow failure," Explorations in Economic History, Elsevier, vol. 45(3), pages 235-253, July.
    2. Jérôme Sgard, 2006. "On Legal Origins and Brankruptcy Laws: the European Experience (1808-1914)," Sciences Po publications 2006-26, Sciences Po.
    3. Jérôme Sgard, 2009. "Bankruptcy Laws: Part of a Global History," Sciences Po publications info:hdl:2441/4vc7skecu3q, Sciences Po.
    4. repec:spo:wpecon:info:hdl:2441/4vc7skecu3q7u7s984ph8b1c5 is not listed on IDEAS
    5. Edwards, John Richard & Anderson, Malcolm & Chandler, Roy A., 2007. "Claiming a jurisdiction for the "Public Accountant" in England prior to organisational fusion," Accounting, Organizations and Society, Elsevier, vol. 32(1-2), pages 61-100.
    6. Jérôme Sgard, 2006. "Do legal origins matter? The case of bankruptcy laws in Europe 1808–1914," Sciences Po publications info:hdl:2441/6824, Sciences Po.
    7. Walker, Stephen P., 2004. "The genesis of professional organisation in English accountancy," Accounting, Organizations and Society, Elsevier, vol. 29(2), pages 127-156, February.
    8. Ulf von Lilienfeld-Toal & Dilip Mookherjee, 2010. "The Political Economy of Debt Bondage," American Economic Journal: Microeconomics, American Economic Association, vol. 2(3), pages 44-84, August.
    9. repec:spo:wpecon:info:hdl:2441/8221 is not listed on IDEAS
    10. repec:spo:wpecon:info:hdl:2441/6824 is not listed on IDEAS

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