Partnership En Commandite - Softcover

Matthew Baillie Begbie

Softcover

ISBN 10: 0461947706 ISBN 13: 9780461947700

Publisher: HardPress, 2021

Synopsis

Partnership "En Commandite" by Matthew Baillie Begbie is a 1848 economic treatise arguing for Limited Partnerships as a safer, productive form of capital employment in Britain, Ireland, and the colonies. Begbie, a Lancashire cotton-manufacturer turned observer of financial crises, recounts a life in Calico-printers and the rise of the Lancashire textile trades, drawing lessons from panics of 1806–1811, 1825, 1835, 1845, and the great crisis of 1847–48. He argues that the modern credit system—accommodation bills, long-dated exchanges, and monopoly-houses—destroys sound enterprise and wastes capital. His remedy is to legalize Limited Partnerships (as in Holland, Belgium, France, Ireland, and the United States), with liability limited to the amount invested, enabling middle-class investors to fund commerce, industry, and infrastructure, including railways, canals, and colonial development. The book surveys the American and European examples, assesses the colonial and Irish resources, and forecasts effects on wages, taxation, and public revenue. It closes with appendices on the law and practical proposals for reform.

Edition details

• Publisher: HardPress
• Publication date: 2021
• Language: English
• ISBN 10: 0461947706
• ISBN 13: 9780461947700
• Binding: Paperback
• Number of pages: 318