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Wealth Making in Nineteenth-and Early Twentieth-Century Britain

Industry v. Commerce and Finance

Bibliographic Data

ID8418486
AuthorsThomas Nicholas (0000-0001-5889-6864, British Academy, corresponding author), Tom Nicholas (London School of Economics and Political Science)
Year1999
Volume41
Issue1
Pages16-36
Publication date1999-01-01
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueBusiness History (JOURNAL)
Journal identifiersISSN: 0007-6791 • E-ISSN: 1743-7938
PublisherInforma UK Limited (PUBLISHER • GB)
DOI10.1080/00076799900000200
OpenAlexW2073663040
LanguageEN
Citations received10

This paper refutes the hypothesis put forward by W.D. Rubinstein that a disproportionately large share of Britain's wealth makers were active in commercial and financial trades in London. We use a data set of businessmen active in nineteenth- and early twentieth-century Britain and quantitative methods to show that the pattern of wealth holding was much more diverse than supposed by Rubinstein. A large fortune could be made in a variety of regions and occupations. Big industrialists active in the provinces were equally capable of generating wealth similar in size and significance to the City elite. More generally, London was not the centre of wealth making in this period. Neither was there a subordination of industrial and manufacturing to commercial and financial wealth

Economic history · Economics · Economy · Elite · Market economy · Political science · Politics · Subordination (linguistics · Variety (cybernetics · Economic Theory and Institutions · Finance · Historical Economic and Social Studies · Law

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Unique citing works10
Citations per year0,37
Citation span1999 - 2025 (27)
Citation velocityrecent
Highly citedNo
Citation typesNeutral: 10

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