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EN
TE
RP
RISE
& SO
CIE
TY
• JUN
E 2015 • V
OL
UM
E 16 • N
O. 2 • P
P. 215–490
T H E I N T E R N A T I O N A L J O U R N A L O F
B U S I N E S S H I S T O R Y
J U N E 2 0 1 5 •• V O L U M E 1 6 •• N U M B E R 2
I S S N 1 4 6 7 - 2 2 2 7 •• O N L I N E I S S N 1 4 6 7 - 2 2 3 5
P U B L I S H E D I N A S S O C I AT I O N W I T H T H E B U S I N E S S H I S T O R Y C O N F E R E N C E
F O R U M
Wealthy by Accident? Firm Structure, Institutions, and Economic Performance in 150 (+4)
Years of Italian History: Introduction to the Special Forum
paolo di martino and michelangelo vasta . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 215
Italy’s Modern Economic Growth, 1861–2011
emanuele felice and giovanni vecchi . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 225
Institutions, Politics, and the Corporate Economy
andrea colli and alberto rinaldi . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 249
The Ghost in the Attic? The Italian National Innovation System in Historical Perspective,
1861–2011
alessandro nuvolari and michelangelo vasta . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 270
Happy 150th Anniversary, Italy? Institutions and Economic Performance Since 1861
paolo di martino and michelangelo vasta . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 291
A R T I C L E S
When Economics Met Antitrust: The Second Chicago School and the Economization
of Antitrust Law
patrice bougette, marc deschamps, and frédéric marty . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 313
Lonrho in Africa: The Unacceptable Face of Capitalism or the Ugly Face of Neo-Colonialism?
chibuike uche . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 354
Rothschilds’ “Delicate and Diffi cult Task”: Reputation, Political Instability, and the Brazilian
Rescue Loans of the 1890s
leonardo weller . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 381
Working-Class Households and Savings in England, 1850–1880
linda perriton and josephine maltby . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 413
B O O K R E V I E W E S S A Y
Mind, Music, and Motion Pictures: The Making and Remaking of the Sensuous Consumer
carter ringle . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 446
R E V I E W S
Cambridge Journals OnlineFor further information about this journal please go to the journal web site at: journals.cambridge.org/eso
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EditorAndrew Popp, University of Liverpool
Associate EditorsShane Hamilton, University of GeorgiaPer Hansen, Copenhagen Business SchoolSharon Ann Murphy, Providence College
Associate Editor for ReviewsRichard Weiner, Indiana University-Purdue University Fort Wayne
Managing EditorCarol Ressler Lockman, Hagley Museum and Library
Associate Editor, ex officioRoger Horowitz, Hagley Museum and Library
EDITORIAL BOARD
Franco Amatori (Bocconi University)Gerben Bakker (London School of
Economics)Edward J. Balleisen (Duke University)Maria Ines Barbero (University of
Buenos Aires)Hartmut Berghoff (German Historical
Institute, DC)Regina Blaszczyk (University
of Leeds)Peter Coclanis (University of North
Carolina-Chapel Hill)Paul Duguid (University of California,
Berkeley)Patrick Fridenson (École des Hautes
Études en Sciences Sociales)Louis Galambos (Johns Hopkins
University)Tiffany Gill (University of Delaware)Barbara Hahn (Texas Tech University)Leslie Hannah (London School
of Economics)William Hausman (College of William
and Mary)Kris Inwood (University of Guelph)Richard John (Columbia University)Geoffrey Jones (Harvard Business
School)Matthias Kipping (York University)Christopher Kobrak (ESCP, Europe)Pamela Laird (University of Colorado
Denver)
Claire Lemercier (CNRS)Margaret Levenstein (University of
Michigan)Kenneth Lipartito (Florida International
University)Manuel Llorca-Jana (University of Santiago,
Chile)Teresa da Silva Lopes (University of York)Christopher McKenna (University of
Oxford)Stephen Mihm (University of Georgia)Paul Miranti (Rutgers University)Rowena Olegario (Saïd Business School,
University of Oxford)Mary O’Sullivan (Université de
Genève)Harm Schröter (Universitetet i Bergen)Philip Scranton (Rutgers University)Brett Sheehan (University of Southern
California)Richard Sylla (New York University)Steven Usselman (Georgia Institute of
Technology)Kazuo Wada (Tokyo University)Robert Weems (University of Missouri)Mira Wilkins (Florida International
University)JoAnne Yates (Massachusetts Institute of
Technology)Mary Yeager (University of
California-Los Angeles)Madeleine Zelin (Columbia
University)
Past President on BoardKen Lipartito
MEMBERSHIPPersons interested in joining the Business History Conference should contact the Secretary-Treasurer: Roger Horowitz, Hagley Museum and Library, P.O. Box 3630, Wilmington, DE 19807-0630; e-mail: [email protected]; Carol Ressler Lockman, email: [email protected] or on the BHC website at http://www.thebhc.org/jointhebhc. Complete information about the Business History Conference may be found on the organization’s Web pages at www.thebhc.org.
Business and Economic History, the proceedings volume of the Business History Conference, was published through 1999 (Volume 28). For the 2000 annual meeting and thereafter, the presidential address and dissertation summaries will appear in the fourth issue of Enterprise & Society. Full text of the papers presented at each meeting will be made available in the BHC’s online version of BEH on its Web site.
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environment in which business operates. Its membership is international and representative of economists, historians, and those in allied fields, such as history of technology, accounting, labor, transportation, and government, who focus on business history as a means of understanding their subjects.
BHC Officers, 2014–2015Mary Yeager, PresidentMargaret Graham, President-ElectPer H. Hansen, Past-PresidentRoger Horowitz, Secretary-Treasurer (2011–2015)
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Barbara Hahn (2013–16)Martha Olney (2013–16)Gerben Bakker (2012–2015)Marc Levinson (2012–2015)Stephen Mihm (2012–2015)Julia Ott (2012–2015)
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ENTERPRISE & SOCIETYTHE INTERNATIONAL JOURNAL OF BUSINESS HISTORY
Published by Cambridge University Press for the Business History Conference
Volume 16, Number 2 June 2015
FORUM
Wealthy by Accident? Firm Structure, Institutions, and Economic Performance in 150 (+4) Years of Italian History: Introduction to the Special Forum 215
Paolo Di Martino and Michelangelo Vasta
Italy’s Modern Economic Growth, 1861–2011 225
Emanuele Felice and Giovanni Vecchi
Institutions, Politics, and the Corporate Economy 249
Andrea Colli and Alberto Rinaldi
The Ghost in the Attic? The Italian National Innovation System in Historical Perspective, 1861–2011 270
Alessandro Nuvolari and Michelangelo Vasta
Happy 150th Anniversary, Italy? Institutions and Economic Performance Since 1861 291
Paolo Di Martino and Michelangelo Vasta
ARTICLES
When Economics Met Antitrust: The Second Chicago School and the Economization of Antitrust Law 313
Patrice Bougette, Marc Deschamps, and Frédéric Marty
Lonrho in Africa: The Unacceptable Face of Capitalism or the Ugly Face of Neo-Colonialism? 354
Chibuike Uche
Rothschilds’ “Delicate and Diffi cult Task”: Reputation, Political Instability, and the Brazilian Rescue Loans of the 1890s 381
Leonardo Weller
Working-Class Households and Savings in England, 1850–1880 413
Linda Perriton and Josephine Maltby
BOOK REVIEW ESSAY
Mind, Music, and Motion Pictures: The Making and Remaking of the Sensuous Consumer 446
Reviewed by Carter Ringle
Joshua Yumibe. Moving Color: Early Film, Mass Culture, Modernism Lauren Rabinovitz. Electric Dreamland: Amusement Parks, Movies, and American Modernity
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Neil Verma. Theater of the Mind: Imagination, Aesthetics, and American Radio Drama Timothy D. Taylor. The Sounds of Capitalism: Advertising, Music, and the Conquest of Culture
REVIEWS
David Hamilton Golland. Constructing Affi rmative Action: The Struggle for Equal Employment Opportunity 464
Reviewed by James C. Foster
Susan M. Gauss. Made in Mexico: Regions, Nation, and the State in the Rise of Mexican Industrialism 467
Reviewed by Aurora Gómez-Galvarriato
Jeremy Baskes, Staying Afl oat: Risk and Uncertainty in Spanish Atlantic World Trade, 1760–1820 469
Reviewed by Richard Salvucci
Robert Fogel, Enid Fogel, Mark Guglielmo, and Nathaniel Grotte. Political Arithmetic: Simon Kuznets and the Empirical Tradition in Economics 472
Reviewed by Steven G. Medema
Andor Skotnes. A New Deal for All? Race and Class Struggles in Depression-Era Baltimore 475
Reviewed by Ranjit S. Dighe
Michel Anteby. Manufacturing Morals: The Values of Silence in Business School Education 477
Reviewed by David Colander
Hans van de Ven. Breaking with the Past: The Maritime Customs Service and the Global Origins of Modernity in China 481
Reviewed by Benjamin A. Elman
Larry Haeg, Harriman vs. Hill: Wall Street’s Great Railroad War 484
Reviewed by R. Scott Huffard Jr.
Quincy T. Mills, Cutting Along the Color Line: Black Barbers and Barber Shops in America 487
Reviewed by N. D. B. Connolly
Cover design by Adam Albright
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