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The underground wealth of nations : on the capitalist origins of silver mining, A.D. 1150-1450 / Jeannette Graulau.

By: Language: eng Series: Yale series in economic and financial historyPublication details: New Haven : Yale University Press, 2019.Description: 373 p. : ill. ; 24 cmISBN:
  • 9780300218220
Subject(s): LOC classification:
  • HC 125  G774u 2019
Contents:
1.Mining the Underground Wealth of Nations: A Word on Theory and History -- 2. World Mining Regions before the Rise of Modern Capitalism -- 3. Digging the Underground Wealth of Europe -- 4. Capitalist Profits of Mining Corporations -- 5. A 'Lengthy Digression': Why Mining Lagged Elsewhere -- 6. Capitalist Mining in West European Development -- Appendix A. German Loanwords in Mining Statutes -- Appendix B. Carbon Yield and Charcoal Characteristics.
Summary: Silver mining was a capitalist business long before the supposed origin of modern capitalism. Hundreds of years before a sixteenth-century crisis in European agriculture led to the origins of capital, investment, and finance, the silver mining industry exhibited many of the features of modern capitalism. Silver mines were large-scale businesses that demanded large investments and steady cash flow, achieved by spreading that risk through fungible shares and creating legal structures to protect entrepreneurs from financial disaster. Jeannette Graulau argues that mining preceded agriculture as the first true capitalist enterprise of the modern world.
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Holdings
Item type Current library Home library Collection Shelving location Call number Copy number Status Date due Barcode
Libro Libro Biblioteca Juan Bosch Biblioteca Juan Bosch Ciencias Sociales Ciencias Sociales (3er. Piso) HC 125 G774u 2019 (Browse shelf(Opens below)) 1 Available 00000143909

1.Mining the Underground Wealth of Nations: A Word on Theory and History --
2. World Mining Regions before the Rise of Modern Capitalism --
3. Digging the Underground Wealth of Europe --
4. Capitalist Profits of Mining Corporations --
5. A 'Lengthy Digression': Why Mining Lagged Elsewhere --
6. Capitalist Mining in West European Development --
Appendix A. German Loanwords in Mining Statutes --
Appendix B. Carbon Yield and Charcoal Characteristics.

Silver mining was a capitalist business long before the supposed origin of modern capitalism. Hundreds of years before a sixteenth-century crisis in European agriculture led to the origins of capital, investment, and finance, the silver mining industry exhibited many of the features of modern capitalism. Silver mines were large-scale businesses that demanded large investments and steady cash flow, achieved by spreading that risk through fungible shares and creating legal structures to protect entrepreneurs from financial disaster. Jeannette Graulau argues that mining preceded agriculture as the first true capitalist enterprise of the modern world.

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