Traces the effects and consequences of radical economic change, moral, social, and fiscal, in the Victorian period.In the course of the nineteenth century, the economic structure and policies of Britain were remade, as the costs of the "fiscal-military" state which fought successful wars against France were cut, and monopolies gave way to freetrade, while monetary policy was determined by the automatic operation of the gold standard. However, the result was not, as might be expected, the triumph of laissez faire; there was continued concern about the moral andsocial consequences of economic change. In this magisterial collection, Professor MARTIN DAUNTON looks at the connections between state and market in this period, and the ways in which all society was affected. He argues that central to the politics of Victorian Britain was determining where the line should be drawn between private profit and social costs - a task that implicated the courts and politicians in defining the nature of capitalist society. Theoutcome was not determined by "gentlemanly capitalists" comprising landowners and financiers who dominated the state and denied a voice to industrialists and their workers. Rather, the choices reflected the interplay between all interests, including those of the state itself. MARTIN DAUNTON is Master of Trinity Hall and Professor of Economic History at the University of Cambridge.

Introduction"Gentlemanly Capitalism" and British Industry, 1820-1914Inheritance and Succession in the City of London in the nineteenth centuryFirm and Family in the City of London: the case of F G DalgetyBritain and Globalization: creating a global order, 1850-1914The fiscal-military state and the Napoleonic warsTrusting leviathan: the politics of taxation 1815-1914Taxation and representation in the Victorian cityThe material politics of natural monopoly: gas in Victorian BritainTax transfers: Britain and its empirePayment and participation: welfare and state formation in Britain, 1900-195 0Mutuality and state formation: Britain and the United States, c1890-1940