Between Monopoly and Free Trade: The English East India by Emily Erikson

By Emily Erikson

The English East India corporation was once essentially the most strong and enduring businesses in heritage. among Monopoly and unfastened exchange locates the resource of that luck within the cutting edge coverage during which the Company’s courtroom of administrators granted staff the suitable to pursue their very own advertisement pursuits whereas within the firm’s hire. Exploring exchange community dynamics, decision-making procedures, and ports and organizational context, Emily Erikson demonstrates why the English East India corporation used to be a dominant strength within the growth of exchange among Europe and Asia, and she or he sheds mild at the similar difficulties of why England skilled fast monetary improvement and the way the connection among Europe and Asia shifted within the eighteenth and 19th centuries. although the corporate held a monopoly on English abroad alternate to Asia, the court docket of administrators prolonged the perfect to alternate in Asia to their staff, growing an strange state of affairs during which staff labored either for themselves and for the corporate as in another country retailers. construction at the organizational infrastructure of the corporate and the delicate advertisement associations of the markets of the East, staff built a cohesive inner community of peer communications that directed English buying and selling ships in the course of their voyages. This community built-in corporation operations, inspired innovation, and elevated the Company’s flexibility, adaptability, and responsiveness to neighborhood condition. among Monopoly and unfastened exchange highlights the dynamic power of social networks within the early smooth period.

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Each presents a window into the complex social and political structures of eighteenth-­century Asian trading ports. These longer port descriptions ground the analysis of ships’ data presented in the following chapter. Chapter 7 presents systematic evidence that decentralized, commercially sophisticated ports were preferred by the English Company. The data on Company trading voyages show that they spent more time in and had longer trading partnerships with ports that were already set up to accommodate the commercial interests of both the Company and employees.

The relationship of supervenience between micro and macro levels of social existence might also suggest that micro and macro levels of behavior are in effect the same phenomenon, viewed in different ways. This understanding of the relation could further imply that causal processes do run across the macro level, from one macro property to another—­it is just that the causal process is being described at different level, as for example one refers to a table stopping the movement of a plate without referring to its molecular properties.

However it is also clear that these criticisms point to an avenue of development, not a finished product. The problem of culture, understood as a symbolic sign system, has yet to be directly addressed within the framework of analytical sociology. 12 This book is not the place to dive into this large issue, but it should be clear that for analytical sociology to successfully incorporate a developed conception of culture more research on cognitive models will be necessary to understand how culture is instantiated at the micro level.

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