| Budget Amount *help |
¥4,290,000 (Direct Cost: ¥3,300,000、Indirect Cost: ¥990,000)
Fiscal Year 2014: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000)
Fiscal Year 2013: ¥1,430,000 (Direct Cost: ¥1,100,000、Indirect Cost: ¥330,000)
Fiscal Year 2012: ¥1,560,000 (Direct Cost: ¥1,200,000、Indirect Cost: ¥360,000)
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| Outline of Final Research Achievements |
This research presents that both every man his own broker by Thomas Mortimer and an essay on circulation and credit by Isaac de Pinto were published in the response to the birth of ‘investors' society’ penetrated and expanded across Britain, Dutch, France and other areas. The influential books show social acceptance of the credibility of Britain in and after the Seven Years War. But Mortimer had a completely different opinion from de Pinto on the ideal stock transaction, passive investment in British public funds. Mortimer asserted that stock-jobbing and stockbrokers should be eliminated by enlightening amateur investors to lay out their money with using his famous guidebook. On the contrary, de Pinto claimed that a speculative transaction of stock-jobbing was essential for his ‘general circulation’. Passive investment and speculative transaction were already confronted in the formative years of the ‘Investors' Society’ during the late eighteenth century.
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