An investigation of early modern Quakers’ business ethics

Esther Sahle

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: During the late seventeenth century, when the Atlantic trade experienced unprecedented growth, Quakers emerged as the region’s most prominent trading community. Economic Historians credit the group and its business ethics with shaping the economic environment of early modern England and, consequently, its long term economic growth. This paper, however, argues that Friends’ business ethics were identical to those of their non-Quaker contemporaries. Using a wide range of both Quaker and non-Quaker sources, including sermons and merchant advice literature, this paper constitutes the first in-depth study of Quaker and non-Quaker business ethics. Having refuted the claim that the community’s commercial achievements reflect a unique blend of honesty, reliability, and swift payment of debts, the paper suggests an alternative explanation for Friends’ business success.

Keywords: institutions; business ethics; religion; Quakers; economic thought; early modern England; seventeenth century history; eighteenth century history; trade; Protestantism (search for similar items in EconPapers)
JEL-codes: B1 N00 N3 (search for similar items in EconPapers)
Pages: 35 pages
Date: 2015-03
New Economics Papers: this item is included in nep-his and nep-hpe
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Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:64487

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