Hoarding,Speculation, and the Public Order of the Market in France,End of the Eighteenth Century–1914

France regulated competition through the gradual development of jurisprudence rooted in Old Regime practices of speculation and hoarding. This article aims to understand the reasons for this institutional legacy in order to determine if and how these norms could be adapted to the new phenomena of industrial concentration as they appeared at the turn of the nineteenth century. I argue that French regulation of futures trades and speculation are aimed to stabilize and enhance markets and not to limit them, and that continuities in market and capitalism regulation were much more important than usually held.