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Compassionate CapitalismBusiness and Community in Medieval England$
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Catherine Casson, Mark Casson, John Lee, and Katie Phillips

Print publication date: 2020

Print ISBN-13: 9781529209259

Published to Policy Press Scholarship Online: January 2021

DOI: 10.1332/policypress/9781529209259.001.0001

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PRINTED FROM POLICY PRESS SCHOLARSHIP ONLINE (www.policypress.universitypressscholarship.com). (c) Copyright Policy Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in PPSO for personal use.date: 15 June 2021

Family Dynasties: Success and Failure

Family Dynasties: Success and Failure

Chapter:
(p.249) 5 Family Dynasties: Success and Failure
Source:
Compassionate Capitalism
Author(s):

Catherine Casson

Mark Casson

John S. Lee

Katie Phillips

Publisher:
Policy Press
DOI:10.1332/policypress/9781529209259.003.0005

This chapter considers what factors contributed to the survival and success of the leading families, and to the decline of others. It identifies the crucial role of entrepreneurs in founding and sustaining the fortunes of leading families. A key finding of the chapter is the distinction between old aristocratic wealth and new mercantile wealth. Some older families fell into debt and lost their property portfolios. Others redistributed income within the family or undertook strategic marriages, and thus obtained a new lease of life.

Keywords:   Entrepreneur, Aristocrat, Merchant, Family dynasties, Debt

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