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Mammon and the Pursuit of Empire : The Political Economy of British Imperialism, 1860-1912 - Lance E. Davis

Mammon and the Pursuit of Empire

The Political Economy of British Imperialism, 1860-1912

Hardcover

Published: 28th February 2007
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Historians 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.

Preface
The British Empire and the economics of imperialism: an introductory statement
The export of British finance: 1865-1914
British business and the profits from Empire
Government expenditure in support of business
The costs of defending an empire: the British and colonial taxpayer
British subsidies to the Empire: the nondefense component
The shareholders in imperial enterprises
The sources of government revenues
Empire, the special interests, and the House of Commons
Imperium economicum - in retrospect
Notes
Index
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780521236119
ISBN-10: 0521236118
Series: Interdisciplinary Perspectives on Modern History
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 408
Published: 28th February 2007
Publisher: CAMBRIDGE UNIV PR
Country of Publication: GB
Dimensions (cm): 24.13 x 16.51  x 2.54
Weight (kg): 0.66