Making the Market

A book by PAUL JOHNSON, Vice-Chancellor and President of La Trobe University, Melbourne, ISBN



Corporate capitalism was invented in nineteenth-century Britain; most of the market institutions that we take for granted today – limited companies, shares, stock markets, accountants, financial newspapers – were Victorian creations. So were the moral codes, the behavioural assumptions, the rules of thumb and the unspoken agreements that made this market structure work. This innovative study provides the first integrated analysis of the origin of these formative capitalist institutions, and reveals why they were conceived and how they were constructed.

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