Financial markets: the limits of economic regulation in early modern England

Anne Louise Murphy

doi:10.1093/acprof:oso/9780199988532.003.0012

Financial markets: the limits of economic regulation in early modern England

Anne Louise Murphy

Faculty of Humanities & Social Sciences

Research output: Chapter in Book/Report/Conference proceeding › Chapter (peer-reviewed) › peer-review

Abstract

The early modern English financial market reveals the very real limits to the power and ambition of the mercantilist state. Largely an ungovernable space, the financial market constantly threatened to undermine the structure of society and to hold economic policy hostage to the whims of speculators. Yet, at the same time, the world of high finance was essential to the state’s purposes since it maintained the debt creation schemes so key to funding its wars. This contradiction helps explain why in spite of regular calls for the imposition of controls on the financial market regulation was so seldom enacted or implemented.

Original language	English
Title of host publication	Mercantilism Reimagined
Subtitle of host publication	Political Economy in Early Modern Britain and its Empire
Editors	Philip J. Stern, Carl Wennerlind
Publisher	Oxford University Press
Pages	263-281
Number of pages	19
ISBN (Print)	9780199988532
DOIs	https://doi.org/10.1093/acprof:oso/9780199988532.003.0012 https://doi.org/10.1093/acprof:oso/9780199988532.001.0001
Publication status	Published - 19 Dec 2013

Keywords

stock market
financial market
regulation
companies
debt

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https://global.oup.com/academic/product/mercantilism-reimagined-9780199988532

Cite this

Murphy, A. L. (2013). Financial markets: the limits of economic regulation in early modern England . In P. J. Stern, & C. Wennerlind (Eds.), Mercantilism Reimagined: Political Economy in Early Modern Britain and its Empire (pp. 263-281). Oxford University Press. https://doi.org/10.1093/acprof:oso/9780199988532.003.0012, https://doi.org/10.1093/acprof:oso/9780199988532.001.0001

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Financial markets: the limits of economic regulation in early modern England . / Murphy, Anne Louise.
Mercantilism Reimagined: Political Economy in Early Modern Britain and its Empire . ed. / Philip J. Stern; Carl Wennerlind . Oxford University Press, 2013. p. 263-281.

Research output: Chapter in Book/Report/Conference proceeding › Chapter (peer-reviewed) › peer-review

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Financial markets: the limits of economic regulation in early modern England

Abstract

Keywords

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