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In this 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 ...

In this 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, and 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 analyzing 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 adminisration of bankrupt estates was one of the largest items of government expenditure. significant problem for English society.

The "self-made" man is a familiar figure in nineteenth-century American history. But the relentless expansion of market relations that facilitated such stories of commercial success also ensured that individual bankruptcy would become a prominent feature in the nation's economic landscape. In this ...

The "self-made" man is a familiar figure in nineteenth-century American history. But the relentless expansion of market relations that facilitated such stories of commercial success also ensured that individual bankruptcy would become a prominent feature in the nation's economic landscape. In this ambitious foray into the shifting character of American capitalism, Edward Balleisen explores the economic roots and social meanings of bankruptcy, assessing the impact of widespread insolvency on the evolution of American law, business culture, and commercial society.

Balleisen makes innovative use of the rich and previously overlooked court records generated by the 1841 Federal Bankruptcy Act, building his arguments on the commercial biographies of hundreds of failed business owners. He crafts a nuanced account of how responses to bankruptcy shaped two opposing elements of capitalist society in mid-nineteenth-century America--an entrepreneurial ethos grounded in risk taking and the ceaseless searchfor new markets, new products, and new ways of organizing economic activity, and an urban, middle-class sensibility increasingly averse to the dangers associated with independent proprietorship and increasingly predicated on salaried, white-collar employment.

Corporate bankruptcy is a defining characteristic of the market economy. It encapsulates the fundamental conflicts between capital and labour, owners and managers, debtors and creditors, the state and the market. Yet, with one or two notable exceptions, the political and social dynamics of ...

Corporate bankruptcy is a defining characteristic of the market economy. It encapsulates the fundamental conflicts between capital and labour, owners and managers, debtors and creditors, the state and the market. Yet, with one or two notable exceptions, the political and social dynamics of bankruptcy law and practice have been overlooked by serious socio-legal scholars. This book remedies that neglect. Adopting an approach that compares English and American law, the authors identify the underlying political forces that established corporate bankruptcy law on both sides of the Atlantic. The book demonstrates how, by a recursive loop of professional self-interest, corporate insovency regulation is the creation of the lawyers who interpret and administer it. This book will be welcomed as an important sociological study and advances our understanding of how substantive law results from conflicts among the professionals who help to create it.

In "Hatching Ruin, " Charles H. Gold provides a complete description of Samuel Clemens's business relationships with Charles L. Webster and James W. Paige during the 1880s. Gold analyzes how these relationships affected Clemens and the development of his Mark Twain persona, most notably in A ...

In "Hatching Ruin, " Charles H. Gold provides a complete description of Samuel Clemens's business relationships with Charles L. Webster and James W. Paige during the 1880s. Gold analyzes how these relationships affected Clemens and the development of his Mark Twain persona, most notably in A Connecticut Yankee in King Arthur's Court. The 1880s were a time when Samuel Clemens was more businessman than author. Clemens wanted to be rich. From an early age, he had been brought up on get-rich-quick dreams. To this end, he started a publishing company and placed Charles L. Webster, who was married to his niece, at the head of it. He also invested large sums of money with James Paige, who was developing a typesetting machine for him. These were to be Clemens's instruments of success--his way to bring technology to the world and become so rich that he would never need to earn money again. Unfortunately for him, Paige was a perfectionist who was constantly tinkering with his typesetting machine. When the publishing company began to fail, Clemens was unable to continue his investments in the typesetter. He blamed both Webster and Paige for his failure to "get rich quick" and for his eventual bankruptcy in 1894. Gold argues that these financial changes in his life and their impact on his views can be seen in his writings. At the beginning of the 1880s, while life was still good, Clemens wrote Adventures of Huckleberry Finn, a nostalgic look at youth and innocence in preindustrial America. A Connecticut Yankee in King Arthur's Court, written after the author's financial failures, is a savage condemnation of the Gilded Age, especially technology's role in it. Gold's "Hatching Ruin" tells for thefirst time the full story of Clemens's experiences as an investor, employer, and entrepreneur during the Gilded Age. Gold uses previously unpublished material from family correspondence and Clemens's autobiographical dictations

An Easy-To-Read Guide For Everyone What Went Wrong at Enron is the first comprehensive and clear explanation of what happened at Enron. Peter C. Fusaro and Ross M. Miller take you inside Enron and show you the who, why, what, where, and when of the sinking of this corporate Titanic. In an engaging ...

An Easy-To-Read Guide For Everyone What Went Wrong at Enron is the first comprehensive and clear explanation of what happened at Enron. Peter C. Fusaro and Ross M. Miller take you inside Enron and show you the who, why, what, where, and when of the sinking of this corporate Titanic. In an engaging style, they explain what happened and uncover the mistakes that led to Enron's fall-in a way that anyone can understand. What Went Wrong at Enron offers a fascinating backdrop to all the whistle-blowing, backstabbing, grandstanding, deception, posturing, and silence that has become the Enron story.