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

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


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 languageEnglish
Title of host publicationMercantilism Reimagined
Subtitle of host publicationPolitical Economy in Early Modern Britain and its Empire
EditorsPhilip J. Stern, Carl Wennerlind
PublisherOxford University Press
Number of pages19
ISBN (Print)9780199988532
Publication statusPublished - 19 Dec 2013


  • stock market
  • financial market
  • regulation
  • companies
  • debt


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