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The Economic Institutions of Construction in London after the Great Fire

Bibliographic Data

ID12680972
AuthorsJudy Z Stephenson (0000-0003-4972-4096, London School of Economics and Political Science, corresponding author)
Year2018
Volume20
Issue1
Pages229-252
Publication date2018-12-19
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueEnterprise & Society (JOURNAL)
Journal identifiersISSN: 1467-2227 • E-ISSN: 1467-2235
PublisherCambridge University Press (CUP) (PUBLISHER)
DOI10.1017/eso.2018.26
OpenAlexW2905239864
LanguageEN
Citations received2
References cited30

This article contributes to literature on the role of “firms” in the early modern English economy by exploring contracts for works between the Crown, the City of London, and large construction firms that built the Greenwich Hospital, City churches, and St. Paul’s Cathedral from 1670 to 1712. Primary sources show varying arrangements to pricing, mitigating risk, and securing finance occurred without the costs of intermediaries. Clients pushed financial and operating risks onto contractors through complex contracting systems that enabled and supported a number of coordination mechanisms in the market. The article argues that contracts rather than firms should be the unit of analysis for those wishing to examine productivity and changes in early modern business

Business · Economic growth · Economics · Economy · Greenwich · Intermediary · Productivity · Unit (ring theory · Historical Economic and Legal Thought · Historical Economic and Social Studies · Scottish History and National Identity · Finance

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Unique citing works2
Citations per year0,5
Citation span2022 - 2025 (4)
Citation velocityrecent
Highly citedNo
Citation typesNeutral: 2

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