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Fully modern corporations appeared in fourteenth-century Toulouse, much earlier than previously believed
Germain Sicard proves that Europe’s first corporations were fourteenth-century mill companies operating in Toulouse, rather than seventeenth-century English and Dutch trading companies as commonly believed. He shows that the corporate form derives from a unique ownership contract from Medieval Europe called pariage, and a culture of strong property rights and municipal self-governance. Based on archival research, Sicard’s 1952 thesis has been translated into English with an introduction that places the work in the context of new institutional economics and legal theory. It is an important contribution to research on the history and legal origins of the corporation.
Germain Sicard proves that Europe’s first corporations were fourteenth-century mill companies operating in Toulouse, rather than seventeenth-century English and Dutch trading companies as commonly believed. He shows that the corporate form derives from a unique ownership contract from Medieval Europe called pariage, and a culture of strong property rights and municipal self-governance. Based on archival research, Sicard’s 1952 thesis has been translated into English with an introduction that places the work in the context of new institutional economics and legal theory. It is an important contribution to research on the history and legal origins of the corporation.
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About the Author:
Germain Sicard is a jurist and legal historian who served as Officer of General Affairs, Center for Historical Research, School of Practical Studies in France.
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- PublisherYale University Press
- Publication date2015
- ISBN 10 0300156480
- ISBN 13 9780300156485
- BindingHardcover
- Edition number1
- Number of pages520
- EditorGoetzmann William N.
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