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2. The corporation, as an entity with publicly owned stock shares, may predate medieval Europe. If that's true, which ancient civilization may have been its birthplace?

Rome. Economist Ulrike Malmendier has argued, citing quotations from people like Cicero, that Rome's societas publicanorum amounted to a type of corporation, with legal contract powers and shares (called partes) that fluctuated in value.

Rome. Economist Ulrike Malmendier has argued, citing quotations from people like Cicero, that Rome's societas publicanorum amounted to a type of corporation, with legal contract powers and shares (called partes) that fluctuated in value.

Rome. Economist Ulrike Malmendier has argued, citing quotations from people like Cicero, that Rome's societas publicanorum amounted to a type of corporation, with legal contract powers and shares (called partes) that fluctuated in value.

Rome. Economist Ulrike Malmendier has argued, citing quotations from people like Cicero, that Rome's societas publicanorum amounted to a type of corporation, with legal contract powers and shares (called partes) that fluctuated in value.

Shannon Stapleton/Reuters
(Read caption)

Egypt

 

Mesopotamia

 

Mayan civilization

 

Rome

 
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