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Going the Distance

Eurasian Trade and the Rise of the Business Corporation, 1400-1700

Ron Harris

ca. 38,99
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Sozialwissenschaften, Recht, Wirtschaft / Wirtschaft


A historical look at the early evolution of global trade and how this led to the creation and dominance of the European business corporation

Before the seventeenth century, trade across Eurasia was mostly conducted in short segments along the Silk Route and Indian Ocean. Business was organized in family firms, merchant networks, and state-owned enterprises, and dominated by Chinese, Indian, and Arabic traders. However, around 1600 the first two joint-stock corporations, the English and Dutch East India Companies, were established. Going the Distance tells the story of overland and maritime trade without Europeans, of European Cape Route trade without corporations, and of how new, large-scale, and impersonal organizations arose in Europe to control long-distance trade for more than three centuries.

Ron Harris shows that by 1700, the scene and methods for global trade had dramatically changed: Dutch and English merchants shepherded goods directly from China and India to northwestern Europe. To understand this transformation, Harris compares the organizational forms used in four major regions: China, India, the Middle East, and Western Europe. The English and Dutch were the last to leap into Eurasian trade, and they innovated in order to compete. They raised capital from passive investors through impersonal stock markets and their joint-stock corporations deployed more capital, ships, and agents to deliver goods from their origins to consumers.

Going the Distance explores the history behind a cornerstone of the modern economy, and how this organizational revolution contributed to the formation of global trade and the creation of the business corporation as a key factor in Europe’s economic rise.

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Fustat, Commodity, China, Fugger, Writing, Spice trade, Malabar Coast, Caravanserai, Stock market, Institution, Dutch East India Company, Partnership, Currency, Legal history, Economics, Stock trader, Longevity, General partnership, Guangzhou, Accounting, Arabian Sea, Western Europe, Levant Company, Supply (economics), Cairo Geniza, Quanzhou, Syndicate, Usury, Armenians, Jurist, Eurasia, Islam, Shareholder, Civilization, Indian Ocean trade, Joint venture, Infrastructure, Europe, Yuan dynasty, Eurasian (mixed ancestry), Ethnic group, Literature, Ottoman Empire, North Africa, Limited partnership, Zheng He, Joint-stock company, Investor, Mongols, New Julfa, Exchange rate, Technology, Silk Road, Corporation, Exit Option, Merchant, Muziris, Turpan, Jews, Principal–agent problem, British Empire, Confucianism, Receipt, Song dynasty, Arabs, Eastern Mediterranean, Income, Organizational structure, Sri Lanka, Zheng (state), Dividend, Middle East, Expropriation, Calculation, Roman Law, Wealth, Central Europe, Economic development, Fujian, Tax, South India, Case study, Payment, Lock-in (decision-making), Entrepreneurship, Expense, Creditor, Ownership, Trade route, Gujarat, Routledge, Indonesia, Western Asia, Passive investor, Indian Ocean, Business Activities, Governance, Livorno, Central Asia, Southeast Asia