TY - BOOK AU - Erikson,Emily TI - Between Monopoly and Free Trade: The English East India Company, 1600-1757 T2 - Princeton Analytical Sociology Series SN - 9780691159065 AV - HF486.E6 E75 2017 U1 - 382.0941 23 PY - 2014///] CY - Princeton, NJ : PB - Princeton University Press, KW - Business & Economics KW - International KW - Economics KW - General KW - Reference KW - Capitalism KW - History KW - 17th century KW - 18th century KW - Corn laws (Great Britain) KW - Free trade KW - Great Britain KW - Europe KW - Social networks KW - Tariff KW - Colonies KW - America KW - Commerce KW - Economic conditions KW - BUSINESS & ECONOMICS / Economic History KW - bisacsh KW - Asia KW - Asian commercial institutions KW - Asian merchants KW - Asian ports KW - Asian trading ports KW - Court of Directors KW - English East India Company KW - English trade patterns KW - Industrial Revolution KW - alternative explanations KW - analytical sociology KW - choosing ports KW - commercial networks KW - comparative analysis KW - corruption KW - decentralization KW - decentralized market exchange KW - decentralized organizational structure KW - decentralized ports KW - early modern period KW - eastern ports KW - economic development KW - economic theory KW - financial networks KW - foreign trade institutions KW - global trade KW - historical change KW - individual-level actions KW - market structure KW - merchant capitalism KW - micro-level behavioral patterns KW - militarization KW - modernity KW - monopoly KW - multilateral commercial network KW - new markets KW - new organizational forms KW - nineteenth century KW - operational decisions KW - opportunity structures KW - organizational background KW - organizational characteristics KW - organizational context KW - organizational incentive structures KW - other East India companies KW - overseas trade expansion KW - overseas trade KW - patterns of innovation KW - private trade allowances KW - private trade KW - small-scale commercial actors KW - social networks KW - trade networks KW - trading decisions KW - trading partnerships KW - trading ships KW - underdevelopment N1 - Frontmatter --; Contents --; Preface --; 1. Introduction --; 2. Merchant Capitalism and the Great Transition --; 3. The European Trade with the East Indies --; 4. Social Networks and the East Indiaman --; 5. Decentralization, Corruption, and Market Structure --; 6. The Eastern Ports --; 7. Eastern Institutions and the English Trade --; 8. Conclusion --; Appendix --; Notes --; Bibliography --; Index; restricted access; Issued also in print N2 - The English East India Company was one of the most powerful and enduring organizations in history. Between Monopoly and Free Trade locates the source of that success in the innovative policy by which the Company's Court of Directors granted employees the right to pursue their own commercial interests while in the firm's employ. Exploring trade network dynamics, decision-making processes, and ports and organizational context, Emily Erikson demonstrates why the English East India Company was a dominant force in the expansion of trade between Europe and Asia, and she sheds light on the related problems of why England experienced rapid economic development and how the relationship between Europe and Asia shifted in the eighteenth and nineteenth centuries.Though the Company held a monopoly on English overseas trade to Asia, the Court of Directors extended the right to trade in Asia to their employees, creating an unusual situation in which employees worked both for themselves and for the Company as overseas merchants. Building on the organizational infrastructure of the Company and the sophisticated commercial institutions of the markets of the East, employees constructed a cohesive internal network of peer communications that directed English trading ships during their voyages. This network integrated Company operations, encouraged innovation, and increased the Company's flexibility, adaptability, and responsiveness to local circumstance.Between Monopoly and Free Trade highlights the dynamic potential of social networks in the early modern era UR - https://doi.org/10.1515/9781400850334?locatt=mode:legacy UR - https://www.degruyter.com/isbn/9781400850334 UR - https://www.degruyter.com/cover/covers/9781400850334.jpg ER -