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Did the Cooperative Start Life as a Joint-Stock Company? Business Law and Cooperatives in Spain, 1869-1931

Author

Listed:
  • Guinnane, Timothy W.

    (Yale University)

  • Martinez-Rodriguez, Susana

    (University of Murcia)

Abstract

Studies of Spanish cooperatives date their spread from the Law on Agrarian Syndicates of 1906. But the first legislative appearance of cooperatives is an 1869 measure that permitted general incorporation for lending companies. The 1931 general law on cooperatives, which was the first act permitting the formation of cooperatives in any activity, reflects the gradual disappearance of the cooperative's "business" characteristics. In this paper we trace the Spanish cooperative's legal roots in business law and its connections to broader questions of the freedom of association, the formation of joint-stock enterprises, and the liability of investors in business and cooperative entities. Our account underscores the similarities of the organizational problems approach by cooperatives and business firms, while at the same time respecting the distinctive purposes cooperatives served.

Suggested Citation

  • Guinnane, Timothy W. & Martinez-Rodriguez, Susana, 2010. "Did the Cooperative Start Life as a Joint-Stock Company? Business Law and Cooperatives in Spain, 1869-1931," Working Papers 81, Yale University, Department of Economics.
  • Handle: RePEc:ecl:yaleco:81
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    File URL: http://economics.yale.edu/sites/default/files/files/Working-Papers/wp000/ddp0081.pdf
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    References listed on IDEAS

    as
    1. Guinnane, Timothy & Harris, Ron & Lamoreaux, Naomi R. & Rosenthal, Jean-Laurent, 2007. "Putting the Corporation in its Place," Enterprise & Society, Cambridge University Press, vol. 8(03), pages 687-729, September.
    2. Gustavo Yamada & Ricardo Montero, 2011. "Introducción," Chapters of Books,in: Gustavo Yamada & Ricardo Montero (ed.), Corrupción e inequidad en los servicios públicos en el Perú, edition 1, volume 1, chapter 1, pages 11-14 Fondo Editorial, Universidad del Pacífico.
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      • Elsa Del Castillo & Gustavo Yamada, 2008. "Introducción," Chapters of Books,in: Elsa Del Castillo & Gustavo Yamada (ed.), Responsabilidad social y buen clima laboral: una fórmula ganadora, edition 1, volume 1, chapter 1, pages 9-12 Fondo Editorial, Universidad del Pacífico.
      • Arlette Beltrán Barco & Karlos La Serna Studzinski, 2009. "Introducción," Chapters of Books,in: Arlette Beltrán Barco & Karlos La Serna Studzinski (ed.), ¿Cuán relevante es la educación escolar en el desempeño universitario?, edition 1, volume 1, chapter 1, pages 9-14 Fondo Editorial, Universidad del Pacífico.
      • Arlette Beltrán & Juan Francisco Castro, 2010. "Introducción," Chapters of Books,in: Arlette Beltrán & Juan Francisco Castro (ed.), Modelos de datos de panel y variables dependientes limitadas: teoría y práctica, edition 1, volume 1, chapter 1, pages 7-12 Fondo Editorial, Universidad del Pacífico.
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      • Gustavo Yamada, 2005. "Introducción," Chapters of Books,in: Gustavo Yamada (ed.), Horas de trabajo: determinantes y dinámica en el Perú urbano, edition 1, volume 1, chapter 1, pages 9-16 Fondo Editorial, Universidad del Pacífico.
      • Arlette Beltrán & Juan Francisco Castro, 2010. "Introducción," Chapters of Books,in: Arlette Beltrán & Juan Francisco Castro (ed.), Modelos de datos de panel y variables dependientes limitadas: teoría y práctica, edition 1, volume 1, chapter 1, pages 7-12 Fondo Editorial, Universidad del Pacífico.
    3. Guinnane, Timothy W., 2001. "Cooperatives As Information Machines: German Rural Credit Cooperatives, 1883 1914," The Journal of Economic History, Cambridge University Press, vol. 61(02), pages 366-389, June.
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    Cited by:

    1. Ingrid Henriksen & Eoin McLaughlin & Paul Sharp, 2015. "Contracts and cooperation: the relative failure of the Irish dairy industry in the late nineteenth century reconsidered," European Review of Economic History, Oxford University Press, vol. 19(4), pages 412-431.

    More about this item

    JEL classification:

    • K20 - Law and Economics - - Regulation and Business Law - - - General
    • N23 - Economic History - - Financial Markets and Institutions - - - Europe: Pre-1913
    • N43 - Economic History - - Government, War, Law, International Relations, and Regulation - - - Europe: Pre-1913

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