Abstract
The Manchester Chamber of Commerce established a Testing House in 1895 and introduced uniform yarn contracting rules in 1897. The Chamber made these institutional ‘innovations’ to deal with the nefarious practice of ‘short-reeling’. Our case study explains how and why merchants were crucial to overcoming weaknesses in domestic – and to some extent - foreign legislation, to overcome this fraudulent activity. We argue that the Testing House and uniform contract were tantamount to developing a quasi-legal system such that private standards established through cooperative agreements had legal sanction. Our study shows how institutions evolved to improve governance along the supply chain for this highly specialised export-orientated industry. We contribute to the growing literature on historical markets, institutions and standards: based on extensive archival sources, we show how specific and complementary commercial institutions developed within grounded notions of governance rather than abstracted spaces of market exchange.
Original language | English |
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Pages (from-to) | 591-631 |
Journal | Enterprise and Society |
Volume | 18 |
Issue number | 3 |
Early online date | 6 Mar 2017 |
DOIs | |
Publication status | Published - Sept 2017 |
Keywords
- regulation
- standards
- Business cases
- institutions
- Textile Industry
- History
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Philip Sranton Best Article Prize
Velkar, A. (Recipient), 2018
Prize: Prize (including medals and awards)