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Between Monopoly and Free TradeThe English East India Company, 1600-1757$
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Emily Erikson

Print publication date: 2014

Print ISBN-13: 9780691159065

Published to Princeton Scholarship Online: October 2017

DOI: 10.23943/princeton/9780691159065.001.0001

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PRINTED FROM PRINCETON SCHOLARSHIP ONLINE (www.princeton.universitypressscholarship.com). (c) Copyright Princeton University Press, 2022. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in PRSO for personal use.date: 18 May 2022

Merchant Capitalism and the Great Transition

Merchant Capitalism and the Great Transition

(p.31) Chapter 2 Merchant Capitalism and the Great Transition
Between Monopoly and Free Trade

Emily Erikson

Princeton University Press

This chapter sets out the stakes of the book's argument, situating the English East India Company with respect to some of the larger processes of transition and change in the early modern period and the dawn of modernity in the nineteenth century. The issues addressed are large-scale macro-historical outcomes, such as economic development in the West, underdevelopment in Asia, growth in state capacity, the development of economic theory, and the emergence of new organizational forms. All are linked to and intertwine with the story of the English East India Company. In addition, these developments have at times been indirectly linked to the Industrial Revolution, which the chapter also briefly touches upon.

Keywords:   early modern period, modernity, nineteenth century, Industrial Revolution, economic theory, underdevelopment, economic development, new organizational forms, merchant capitalism

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