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Institutions and European Trade: Merchant Guilds, 1000-1800
     

Institutions and European Trade: Merchant Guilds, 1000-1800

5.0 9
by Sheilagh Ogilvie
 

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ISBN-10: 0521764173

ISBN-13: 9780521764179

Pub. Date: 03/31/2011

Publisher: Cambridge University Press

What was the role of merchant guilds in the medieval and early modern economy? Does their wide prevalence and long survival mean they were efficient institutions that benefited the whole economy? Or did merchant guilds simply offer an effective way for the rich and powerful to increase their wealth, at the expense of outsiders, customers and society as a whole?

Overview

What was the role of merchant guilds in the medieval and early modern economy? Does their wide prevalence and long survival mean they were efficient institutions that benefited the whole economy? Or did merchant guilds simply offer an effective way for the rich and powerful to increase their wealth, at the expense of outsiders, customers and society as a whole? These privileged associations of businessmen were key institutions in the European economy from 1000 to 1800. Historians debate merchant guilds' role in the Commercial Revolution, economists use them to support theories about institutions and development, and policymakers view them as prime examples of social capital, with important lessons for modern economies. Sheilagh Ogilvie's magisterial new history of commercial institutions shows how scrutinizing merchant guilds can help us understand which types of institution made trade grow, why institutions exist, and how corporate privileges affect economic efficiency and human well-being.

Product Details

ISBN-13:
9780521764179
Publisher:
Cambridge University Press
Publication date:
03/31/2011
Series:
Cambridge Studies in Economic History - Second Series
Pages:
500
Product dimensions:
6.10(w) x 9.00(h) x 1.10(d)

Related Subjects

Table of Contents

1. Merchant guilds, efficiency, and social capital; 2. What was a merchant guild?; 3. Local merchant guilds; 4. Alien merchant guilds and companies; 5. Merchant guilds and rulers; 6. Commercial security; 7. Contract enforcement; 8. Principal-agent problems; 9. Information; 10. Price volatility; 11. Institutions, social capital and economic development.

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Institutions and European Trade: Merchant Guilds, 1000-1800 5 out of 5 based on 0 ratings. 5 reviews.
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