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Joint Stock Company

Joint Stock Company

http://jointstock.wordpress.com

The joint-stock company was developed in the early 1600s as a way to spread risk among investors and harness the resources of more than one person or family. Each stockholder had a transferable share of the company, a say in corporate governance, and a portion of the profits. This business model was largely responsible for financing the colonization of large parts of North America (through the Virginia and Plymouth companies), and of India and parts of Asia (through the British and Dutch East India companies).

We created Joint Stock Company the blog to write about everything from economics to politics and cultural criticism. The original idea was that by pooling resources, the individual authors could spread the risk of starting up a new blog. In practice, instead of limiting liability, it almost seems to make each author more responsible for the ideas of another. But it keeps us honest, and as we continue to think and to post, we hope you continue to read.

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