ABSTRACT
T H E I N T E R N A L R E G U L A T I O N O F I N D U S T R Y
I N E N G L A N D
When the development in England is compared with that of France, described in the previous chapter, differences arise which can be considered complete in only one particular, that is as regards manufacture. Not only was there no counterpart in England to the etablissements of the luxury industry in the hands of the state, but also-and what is much more importantthe numerous and extensive private manufactures royales endowed with every possible privilege, and similar industrial forms to be found in France, were absent in England. The system of widespread privileges under the early Stuarts did not lead to industrial concerns of this kind; nor did the succeeding period provide the necessary conditions for their appearance. In so far as great enterprises did arise in England they came in the guise of companies and in this way they had a more direct relation to market demand. T h e most original and characteristic kind of economic activity under the French monarchy, which was generally imitated on the continent, thus remained entirely alien to English development.
