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The earliest corporations were created by monasteries as a way of pooling collective resources without requiring heredity bonds or government enforcement. Fast
by legitster 3y ago
The earliest corporations were created by monasteries as a way of pooling collective resources without requiring heredity bonds or government enforcement.
Fast forward to the enlightenment and new understanding of universal human rights implies that all people (not just monarchs) should have rights to property including ownership stakes of enterprises. And that the actions of enterprises should be overseen by boards.
Our modern idea that prices should be publicly posted and fair, and that losses should be born by businesses was created out of Quaker practices of equality.
- SantalBlush 3y ago>was created out of Quaker practices of equality If you have a link to some reading material about this, I'd love to check it out.
- legitster 3y agohttps://en.wikipedia.org/wiki/Price_tag https://en.wikipedia.org/wiki/Price_tag > "The Pennsylvania Quakers" "honest price" was institutionalized in 1874 by John Wanamaker, when he opened his eponymous department store in Philadelphia. A renowned innovator of the highest integrity, Wanamaker was the first retailer to offer money-back guarantees. He also invented the price tag: "A devout Christian, he believed that if everyone was equal before God, then everyone should be equal before price." Before Wanamaker's, every purchase was open to a haggle."
- SantalBlush 3y agoThanks, this gives me a starting point to find out more about it. Very interesting!