The defence of cosmopolitan capitalism by Sir Charles Addis, 1914-1919: a microhistorical study of a classical liberal banker in wartime

Andrew Smith ID and Maki Umemura ID

Abstract

This study focuses on the efforts of Sir Charles Addis to defend the pre-1914 system of cosmopolitan capitalism. Our central research question is to understand why this merchant banker fought in preserve cosmopolitan capitalism when so many of his peers acquiesced in and even championed its demise. Addis’s moral ideal was an international economic order in which the nationality of firms was irrelevant to the strategies of managers. The First World War dramatically increased the salience of firm nationality in international business. Addis, who was a committed ...

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