More than any other single group of individuals, the Boston Associates were responsible for the sweeping economic transformation that occurred in New England between 1815 and 1861. Through the use of the corporate form, they established an extensive network of modern business enterprises that were among the largest of the time. Their most notable achievement was the development of the Waltham-Lowell system in the textile industry, but they were also active in transportation, banking, and insurance, and at the same time played a major role in philanthropy and politics. Evaluating each of these efforts in turn and placing the Associates in the context of the society and culture that produced them, the author convincingly explains the complex motives that led the group to undertake initiatives on so many different fronts. Dalzell shows that men like Francis Cabot Lowell, Nathan Appleton, and Amos and Abbott Lawrence are best understood as transitional figures. Although they used modern methods when it suited their interest, they were most concerned with protecting the positions they had already won at the top of a traditional social order. Thus, for all the innovations they sponsored, their commitment to change remained both partial and highly selective. And while something very like an industrial revolution did occur in New England during the nineteenth century, paradoxically the Associates neither sought nor welcomed it. On the contrary, as time passed they became increasingly preoccupied with combating the forces of change. In addition to the light it sheds on a crucial chapter of business history, this gracefully written study offers fresh insights into the role and attitudes of elites during the period. Furthermore it contradicts some of the prevailing thought about entrepreneurial behavior in the early phases of industrialization in America.

This book maps the development of a regional elite and its persistence as an economic upper class through the nineteenth century. Farrell's study traces the kinship networks and overlapping business ties of the most economically prominent Brahmin families from the beginning of industrialization in the 1820s to the early twentieth century. Archival sources such as genealogies, family papers, and business records are used to address two issues of concern to those who study social stratification and the structure of power in industrializing societies: in what ways have traditional forms of social organization, such as kinship, been responsive to the social and economic changes brought by industrialization; and how active a role did an early economic elite play in shaping the direction of social change and in preserving its own group power and privilege over time.

This book examines the cultural, economic, and social forces that shaped the development of the British empire in the eighteenth century. The empire is placed in a broad historiographical context informed by important recent work on the 'fiscal-military state', and 'gentlemanly capitalism'. This allows the empire to be seen not as a series of discrete, unconnected geographical regions scattered across the world, but as a commercial, cultural, and social body with its roots very firmly planted in metropolitan society.

Elites are 'on trial' firstly for their role in the past and shaping the context for the crisis, secondly in terms of how they responded to the crisis and finally in terms of what role they are playing in the aftermath. This book is concerned with what happens when elites are challenged by crisis and helps us understand 'elites on trial'.

A groundbreaking history of early America that shows how Boston built and sustained an independent city-state in New England before being folded into the United States In the vaunted annals of America’s founding, Boston has long been held up as an exemplary “city upon a hill” and the “cradle of liberty” for an independent United States. Wresting this revered metropolis from these misleading, tired clichés, The City-State of Boston highlights Boston’s overlooked past as an autonomous city-state, and in doing so, offers a pathbreaking and brilliant new history of early America. Following Boston’s development over three centuries, Mark Peterson discusses how this self-governing Atlantic trading center began as a refuge from Britain’s Stuart monarchs and how—through its bargain with the slave trade and ratification of the Constitution—it would tragically lose integrity and autonomy as it became incorporated into the greater United States. The City-State of Boston peels away layers of myth to offer a startlingly fresh understanding of this iconic urban center.

Culture is now seen as fundamental in understanding economic performance in businesses and nations. This pioneering interdisciplinary collection brings together economists, sociologists and business historians to explore the issues involved. The business history focus provides an ideal way to relate the conceptual questions to empirical investigation. The book will therefore interest readers in the social sciences and management studies.

Readers recognize their own brand of entrepreneurship and draw on their inherent capacities to create a thriving enterprise.

'This is an ambitious and a highly academic text.' – Economic Outlook and Business Review 'I can with no hesitation very strongly recommend this work to anybody with an interest in the theory of economic organization and international business.' – Nicolai Foss, Journal of International Business Studies 'This book provides a useful analysis of economic institutions aimed at practitioners in business and management as well as economists.' – Aslib Book Guide Economic institutions such as firms, markets, governments and voluntary organizations have a crucial impact on the competitiveness of national economies. Research on economic institutions is growing rapidly, but unfortunately it often focuses on narrow issues concerning legal systems and transaction costs. This book offers a broader perspective and important practical insights into economic institutions, focusing on dynamic issues such as entrepreneurship and ethical leadership, which are crucial to institutional growth. Extending the work of his previous books, The Entrepreneur and The Economics of Business Culture, Mark Casson analyses economic institutions from an integrated social science perspective. This perspective is based on the rational action principle of mainstream economics, modified to allow for endogenous preferences and information costs. Combining plausible assumptions with analytical rigour, the integrated approach offers important new insights into a wide range of issues, including the growth of firms, family business, regional business networks, international business elites, and the influence of cultural values on long-run economic growth. The integrated social science approach has implications for all the social sciences, and so the book is addressed to both business and management practitioners as well as scholars from a wide range of disciplines.

A sweeping global history of entrepreneurial innovation Whether hailed as heroes or cast as threats to social order, entrepreneurs—and their innovations—have had an enormous influence on the growth and prosperity of nations. The Invention of Enterprise gathers together, for the first time, leading economic historians to explore the entrepreneur's role in society from antiquity to the present. Addressing social and institutional influences from a historical context, each chapter examines entrepreneurship during a particular period and in an important geographic location. The book chronicles the sweeping history of enterprise in Mesopotamia and Neo-Babylon; carries the reader through the Islamic Middle East; offers insights into the entrepreneurial history of China, Japan, and Colonial India; and describes the crucial role of the entrepreneur in innovative activity in Europe and the United States, from the medieval period to today. In considering the critical contributions of entrepreneurship, the authors discuss why entrepreneurial activities are not always productive and may even sabotage prosperity. They examine the institutions and restrictions that have enabled or impeded innovation, and the incentives for the adoption and dissemination of inventions. They also describe the wide variations in global entrepreneurial activity during different historical periods and the similarities in development, as well as entrepreneurship's role in economic growth. The book is filled with past examples and events that provide lessons for promoting and successfully pursuing contemporary entrepreneurship as a means of contributing to the welfare of society. The Invention of Enterprise lays out a definitive picture for all who seek an understanding of innovation's central place in our world.

Although economists have long recognised industrial districts as one of the key features of many economies, it is only recently that attention has been focused on the region as an effective means of generating accurate insights into the larger picture of economic performance. This renewed interest in regional issues has also placed at centre stage the role played by networks as a principal organisational feature of the local business community, providing scholars with a rich topic for investigation and debate. Recent work has shown that universal generalisations concerning the impact of networking on the performance of industrial clusters lack credibility, highlighting the consequent need to compare the role played by business networks in a variety of regions. Using a copious range of research material examining several British regions, this volume poses a series of fundamental questions about the nature of industrial clusters and networks. Particular attention is paid to identifying the basic characteristics of a network, outlining how they evolved in key industrial clusters, and assessing their impact on industrial performance, both regionally and nationally. The durability of such networks is another key thread that runs through the essays, prompting comparison with industrial clusters in Britain and abroad. These are issues which stimulate discussion on a wide range of factors within the disciplines of business, economic and social history.