Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

Gilbert Imlay: Citizen of the World (review)

Gilbert Imlay: Citizen of the World (review) REVIEWS members as a ``corporate class.'' To be sure, the consistency of a few names among directors and shareholders provides ample evidence for the argument that there was indeed an ``economic elite'' who ``profited disproportionately from . . . regional economic integration'' in this period (201). The depiction of this cabal as a static group who remained suspicious of democratic governance and established corporate institutions to insulate themselves from popular sovereignty is more Beardian than the world Schocket actually describes. The author repeatedly observes that corporations were ``bound inextricably with the founding and development of American democracy'' (13). Though corporate banking may have originated in Philadelphia as a means to craft economic policy, preempting the whims of a fickle Congress and a financially illiterate Pennsylvania legislature, the growing number of bank charters and incorporations created by the state suggests that the narrative of corporations in early America is that democracy co-opted the institution rather than the reverse.4 The ``corporate class,'' then, is a more fluid, ever-expanding, and more democratic group than the author seems willing to acknowledge. Still, this criticism must not dampen an enthusiastic reception for this important contribution to the historiography of political economy. Andrew Schocket's http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of the Early Republic University of Pennsylvania Press

Gilbert Imlay: Citizen of the World (review)

Journal of the Early Republic , Volume 29 (2) – Apr 19, 2009

Loading next page...
 
/lp/university-of-pennsylvania-press/gilbert-imlay-citizen-of-the-world-review-TG7lXMUTOG
Publisher
University of Pennsylvania Press
Copyright
Copyright © University of Pennsylvania Press
ISSN
1553-0620
Publisher site
See Article on Publisher Site

Abstract

REVIEWS members as a ``corporate class.'' To be sure, the consistency of a few names among directors and shareholders provides ample evidence for the argument that there was indeed an ``economic elite'' who ``profited disproportionately from . . . regional economic integration'' in this period (201). The depiction of this cabal as a static group who remained suspicious of democratic governance and established corporate institutions to insulate themselves from popular sovereignty is more Beardian than the world Schocket actually describes. The author repeatedly observes that corporations were ``bound inextricably with the founding and development of American democracy'' (13). Though corporate banking may have originated in Philadelphia as a means to craft economic policy, preempting the whims of a fickle Congress and a financially illiterate Pennsylvania legislature, the growing number of bank charters and incorporations created by the state suggests that the narrative of corporations in early America is that democracy co-opted the institution rather than the reverse.4 The ``corporate class,'' then, is a more fluid, ever-expanding, and more democratic group than the author seems willing to acknowledge. Still, this criticism must not dampen an enthusiastic reception for this important contribution to the historiography of political economy. Andrew Schocket's

Journal

Journal of the Early RepublicUniversity of Pennsylvania Press

Published: Apr 19, 2009

There are no references for this article.