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

Author

Listed:
  • Lester, V. Markham

    (Birmingham-Southern College, Alabama)

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.

Suggested Citation

  • Lester, V. Markham, 1995. "Victorian Insolvency: Bankruptcy, Imprisonment for Debt, and Company Winding-up in Nineteenth-Century England," OUP Catalogue, Oxford University Press, number 9780198205180.
  • Handle: RePEc:oxp:obooks:9780198205180
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    Citations

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    Cited by:

    1. W. Walker Hanlon, 2014. "Temporary Shocks and Persistent Effects in the Urban System: Evidence from British Cities after the U.S. Civil War," NBER Working Papers 20471, National Bureau of Economic Research, Inc.
    2. repec:spo:wpecon:info:hdl:2441/4vc7skecu3q7u7s984ph8b1c5 is not listed on IDEAS
    3. 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.
    4. Jérôme Sgard, 2006. "On Legal Origins and Brankruptcy Laws: the European Experience (1808-1914)," Sciences Po publications 2006-26, Sciences Po.
    5. Thomas A Lee, 2015. "'A different army of the talented': negative outliers in the rise of professionalism in Victorian public accountancy," Accounting History Review, Taylor & Francis Journals, vol. 25(2), pages 77-95, July.
    6. repec:spo:wpecon:info:hdl:2441/8221 is not listed on IDEAS
    7. repec:dau:papers:123456789/13599 is not listed on IDEAS
    8. 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.
    9. Jérôme Sgard, 2006. "On Legal Origins and Brankruptcy Laws: the European Experience (1808-1914)," Working Papers hal-01065660, HAL.
    10. James Foreman-Peck & Leslie Hannah, 2014. "Some consequences of the early twentieth-century British divorce of ownership from control," Business History, Taylor & Francis Journals, vol. 56(2), pages 335-335, March.
    11. Hautcoeur Pierre-Cyrille & Riva Angelo E., 2013. "What Financiers Usually Do, and What We Can Learn from History," Accounting, Economics, and Law: A Convivium, De Gruyter, vol. 3(3), pages 1-19, April.
    12. Jérôme Sgard, 2006. "Do legal origins matter? The case of bankruptcy laws in Europe 1808-1914," Post-Print hal-01021354, HAL.
    13. Jérôme Sgard, 2010. "Bankruptcy Law, Majority Rule, and Private Ordering in England and France (Seventeenth-Nineteenth Century)," Working Papers hal-01069444, HAL.
    14. 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.
    15. Jérôme Sgard, 2009. "Bankruptcy Laws: Part of a Global History," Working Papers hal-00972713, HAL.
    16. Sgard, Jérôme, 2016. "Courts at work: Bankruptcy statutes, majority rule and private contracting in England (17th–18th century)," Journal of Comparative Economics, Elsevier, vol. 44(2), pages 450-460.
    17. repec:spo:wpecon:info:hdl:2441/6824 is not listed on IDEAS
    18. Walker, Stephen P., 2004. "The genesis of professional organisation in English accountancy," Accounting, Organizations and Society, Elsevier, vol. 29(2), pages 127-156, February.
    19. Jérôme Sgard, 2009. "Bankruptcy Laws: Part of a Global History," Sciences Po publications info:hdl:2441/4vc7skecu3q, Sciences Po.
    20. 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.

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