Article ID: CBB139620027

Breaking Even: Political Economy and Private Enterprise in the Norwegian Glass Industry, 1739–1803 (Summer 2019)

unapi

Using internal debates and surviving account books, this article traces the eighteenth-century history of the Norwegian glass industry, created to exploit Norway's immense natural resource wealth, and of the chartered company that would later become Norway's iconic Christiania Glasmagasin. The investors in the company, many of them among Norway's “founding fathers,” were individually responsible for its losses and it operated, remarkably, at an annual loss for nearly five decades. The article asks why, beyond the anticipation of a royal import ban on foreign glass, private investors might have continued to accept such losses. It focuses on tensions between cameralist and liberal ideologies in the creation of an important national industry, and on older (and perhaps more sustainable) ways of thinking about profitability.

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Citation URI
https://data.isiscb.org/isis/citation/CBB139620027/

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Authors & Contributors
Sandvik, Pål Thonstad
Shanahan, Martin
Davis, Joshua Clark
Peart, Daniel
José Galindo
Cihan Artunç
Concepts
Business history
Business and Politics
Political economy
Public policy
Natural resources
Business enterprises
Time Periods
20th century
19th century
18th century
21st century
17th century
Qing dynasty (China, 1644-1912)
Places
United States
Bristol (England)
Southern states (U.S.)
Greenland
Turkey
Norway
Institutions
Caproni Group
Chance Brothers and Company
W.H. Smith and Son
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