Can the lessons of the past help us to prevent another banking collapse in the future? This is
the first book to tell the story of the rise and fall of British banking stability over the past two …

Railways transformed inland transport during the nineteenth century. In this paper, we study
how railways led to local population change and divergence in England and Wales as it …

Ever since the financial crisis of 2008, doubts have been raised about the future of
capitalism. In this broad-ranging survey of financial capitalism from antiquity to the present …

Rapid commercial development in Britain by 1800 inspired legislation rendering 'white-
collar'crimes such as forgery, embezzlement, and obtaining money by false pretences …

We examine the role of the news media during the British Railway Mania, arguably one of
the largest financial bubbles in history. Our analysis suggests that the press responded to …

This article examines the liquidity of the London capital markets in the decades following the
liberalization of UK incorporation law. Using comprehensive stock and bond data, we …

Who financed the great expansion of the Victorian equity market, and what attracted them to
invest? Using data on 453 firm-years and over 172,000 shareholders, we find that the …

Bubbles have become ubiquitous. This ubiquity has stimulated research over the past three
decades into bubbles in history. In this article, we provide a systematic overview of research …

Capitalism is historically pervasive. Despite attempts through the centuries to suppress or
control the private ownership of commercial assets, production and trade for profit has …

News media plays an important role in modern financial markets. In this article, we analyze
the role played by the news media in an historical financial market. Using The Times's …