Smith, Andrew and Umemura, Maki ![]() ![]() |
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Abstract
This study focuses on the efforts of Sir Charles Addis to defend the pre-1914 system of cosmopolitan capitalism. Our central research question is to understand why this merchant banker fought in preserve cosmopolitan capitalism when so many of his peers acquiesced in and even championed its demise. Addis’s moral ideal was an international economic order in which the nationality of firms was irrelevant to the strategies of managers. The First World War dramatically increased the salience of firm nationality in international business. Addis, who was a committed classical liberal, fought against this trend to a degree that is hard to explain with reference to economic self-interest alone. The article, which is based on a range of sources including Addis’s diary, explores Addis’s connections to, and views of, ‘German’ bankers, his relations with the British government, and the political economy of the reparations imposed on Germany by the Versailles Peace settlement.
Item Type: | Article |
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Date Type: | Publication |
Status: | Published |
Schools: | Business (Including Economics) |
Publisher: | Taylor & Francis |
ISSN: | 0007-6791 |
Date of First Compliant Deposit: | 12 June 2020 |
Date of Acceptance: | 4 February 2020 |
Last Modified: | 20 Nov 2024 05:00 |
URI: | https://orca.cardiff.ac.uk/id/eprint/132405 |
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