Michael Aldous recently completed his Ph.D. in the department of Economic History at the London School of Economics and Political Science. Supervised by Gerben Bakker, his thesis was entitled "Avoiding Negligence and Profusion: Determining the Choice of Firm Ownership in the Anglo-Indian Trade from 1813 to 1870." His work explores the factors that determined an entrepreneur's choice of firm ownership and organization for conducting trade activities between Britain and India in the first half of the nineteenth century. This work draws on various theories of the firm, particularly transaction cost economics and principal-agent theory as an analytical framework.
