We describe how, during the 17th century, the business corporation gradually emerged in response to the need to lock in long-term capital to profit from trade opportunities with Asia. Since contractual commitments to lock in capital were not fully enforceable in partnerships, this evolution...

During the "Age of Mass Migration", many Chinese migrants came to the Netherlands Indies. We propose that these migratory flows included many skilled workers, contrary to the belief that they mostly consisted of unskilled labourers. We construct a new dataset of migration and potential surplus...