Mammon and the Pursuit of Empire
The Political Economy of British Imperialism, 1860-1912
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Mammon and the Pursuit of Empire by Lance E. Davis
Book DescriptionHistorians have so far made few attempts to assess directly the costs and benefits of Britain's investment in empire. This book presents answers to some of the key questions about the economics of imperialism: how large was the flow of finance to the empire? How great were the profits on empire investment? What were the social costs of maintaining the empire? Who received the profits, and who bore the costs? The authors show that colonial finance did not dominate British capital markets; returns from empire investment were not high in comparison to earnings in the domestic and foreign sectors; there is no evidence of continued exploitative profits; and empire profits were earned at a substantial cost to the taxpayer. They depict British imperialism as a mechanism to effect an income transfer from the tax-paying middle class to the elites in which the ownership of imperial enterprise was heavily concentrated, with some slight net transfer to the colonies in the process.
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Book DetailsISBN: 9780521236119
(228mm x 152mm x 24mm)
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 30-Jan-1987
Country of Publication: United Kingdom
Books By Author Lance E. Davis
Naval Blockades in Peace and War, Paperback (August 2012)
An examination of the effectiveness of naval blockades and sanctions since 1750.
Evolving Financial Markets and International Capital Flows, Paperback (March 2011)
This study examines the impact of British capital flows on the evolution of capital markets in four countries.
Mammon and the Pursuit of Empire, Paperback (August 2009)
This book presents answers to some of the key questions about the economics of imperialism.
International Capital Markets and American Economic Growth, 1820-1914, Paperback (July 2002)» View all books by Lance E. Davis
This book provides quantitative assessments and qualitative descriptions of foreign investment in the US and American investment abroad.
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