The Underground Wealth of Nations : On the Capitalist Origins of Silver Mining, A.D. 1150-1450
Book Details
Format
Hardback or Cased Book
Book Series
Yale Series in Economic and Financial History
ISBN-10
0300218222
ISBN-13
9780300218220
Publisher
Yale University Press
Imprint
Yale University Press
Country of Manufacture
US
Country of Publication
GB
Publication Date
Nov 26th, 2019
Print length
392 Pages
Weight
696 grams
Dimensions
24.10 x 15.20 x 2.70 cms
Product Classification:
European historyMedieval historyPolitical science & theoryEconomic history
Ksh 12,600.00
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Silver mining was a capitalist business long before the supposed origin of modern capitalism Hundreds of years before a sixteenth-century crisis in European agriculture led to the origins of capital, investment, and finance, the silver mining industry exhibited many of the features of modern capitalism. Silver mines were large-scale businesses that demanded large investments and steady cash flow, achieved by spreading that risk through fungible shares and creating legal structures to protect entrepreneurs from financial disaster. Jeannette Graulau argues that mining preceded agriculture as the first true capitalist enterprise of the modern world.
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