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Origins of the American Business Corporation

Author

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  • Handlin, Oscar
  • Handlin, Mary F.

Abstract

The concentration of business enterprise in corporate structures at the end of the last century called the attention of scholars to the history of the business corporation, the chartered joint-stock company. Even those who agreed that “the honour of originally inventing these political constitutions entirely belongs to the Romans†realized that their modern economic functions were relatively recent and demanded explanation. In this country, Williston's brilliant essay, the studies of Simeon Baldwin, and a number of other investigations probed into the origin and nature of the institution at about the period when it became a pressing social issue.

Suggested Citation

  • Handlin, Oscar & Handlin, Mary F., 1945. "Origins of the American Business Corporation," The Journal of Economic History, Cambridge University Press, vol. 5(1), pages 1-23, May.
    • Handle: RePEc:cup:jechis:v:5:y:1945:i:01:p:1-23_11
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    Cited by:

    1. John Joseph Wallis, 2010. "The Other Foundings: Federalism and the Constitutional Structure of American Government," NBER Chapters, in: Founding Choices: American Economic Policy in the 1790s, pages 177-213, National Bureau of Economic Research, Inc.
    2. John Joseph Wallis, 2004. "Constitutions, Corporations, and Corruption: American States and Constitutional Change," NBER Working Papers 10451, National Bureau of Economic Research, Inc.
    3. Rousseau, Peter L. & Sylla, Richard, 2005. "Emerging financial markets and early US growth," Explorations in Economic History, Elsevier, vol. 42(1), pages 1-26, January.
    4. Klein, D.B. & Yin, C., 1994. "The Private Provision of Frontier Infrastructure: Toll Roads in California, 1850-1902," Papers 94-95-4, California Irvine - School of Social Sciences.
    5. Geoffrey Hodgson, 2002. "The Legal Nature of the Firm and the Myth of the Firm-Market Hybrid," International Journal of the Economics of Business, Taylor & Francis Journals, vol. 9(1), pages 37-60.
    6. Kevin Levillain & Blanche Segrestin & Armand Hatchuel, 2015. "Is Law Normalizing Hybrid Organizations? Guidelines from Multi-purpose Corporations," Post-Print hal-01143317, HAL.
    7. Jean-Laurent Rosenthal, 2004. "Legal Regime and Business’s Organizational Choice: A Comparison of France and the United States during the Mid-Nineteenth Century. Joint with Naomi Lamoreaux," UCLA Economics Online Papers 309, UCLA Department of Economics.
    8. Naomi R. Lamoreaux & Jean-Laurent Rosenthal, 2004. "Legal Regime and Business's Organizational Choice: A Comparison of France and the United States," NBER Working Papers 10288, National Bureau of Economic Research, Inc.
    9. Kevin Levillain & Blanche Segrestin & Armand Hatchuel, 2017. "Is law normalizing Hybrid Organizations? Putting profit-with-purpose corporations into historical perspective," Post-Print hal-01497085, HAL.
    10. Lamberton, Geoffrey, 2015. "Accounting and happiness," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 29(C), pages 16-30.
    11. Robert E. Wright, 2010. "Rise of the Corporation Nation," NBER Chapters, in: Founding Choices: American Economic Policy in the 1790s, pages 217-258, National Bureau of Economic Research, Inc.

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