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Limited liability and the wealth of 'uncivilised nations': Adam Smith and the limits to the European Enlightenment

Goodacre, H. (2010) Limited liability and the wealth of 'uncivilised nations': Adam Smith and the limits to the European Enlightenment. Cambridge Journal of Economics 34 (5), pp. 857-867. ISSN 0309-166X.

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Official URL: http://dx.doi.org/10.1093/cje/beq007

Abstract

This paper questions the adequacy of the categories of analysis deployed by Adam Smith to serve as a basis for a progressive critique of corporate power at the 'open economy' level, arguing that if a critique of the principle of limited liability and other aspects of the undue influence of corporate power today is to acquire a truly global character, then it must avoid becoming confined within the intellectual horizons of the age of the European commercial and colonial empires, and should instead contribute towards constructive interaction between a diversity of intellectual, institutional and cultural traditions.

Item Type: Article
Keyword(s) / Subject(s): Limited liability, Adam Smith, Bank of England, colonialism, fiscal-military state
School or Research Centre: Birkbeck Schools and Research Centres > School of Business, Economics & Informatics > Economics, Mathematics and Statistics
Depositing User: Administrator
Date Deposited: 28 Feb 2011 10:38
Last Modified: 17 Apr 2013 12:20
URI: http://eprints.bbk.ac.uk/id/eprint/3153

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