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Books > History > History of specific subjects > Economic history
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Commerce before Capitalism in Europe, 1300-1600 (Hardcover)
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Commerce before Capitalism in Europe, 1300-1600 (Hardcover)
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In Commerce before Capitalism in Europe, 1300 1600, Martha C.
Howell challenges dominant interpretations of the relationship
between the so-called commercial revolution of late medieval Europe
and the capitalist age that followed. Howell argues that the
merchants, shopkeepers, artisans, and consumers in cities and
courts throughout Western Europe, even in the densely urbanized Low
Countries that are the main focus of this study, were by no means
proto-capitalist and did not consider their property a fungible
asset. Even though they freely bought and sold property using
sophisticated financial techniques, they preserved its capacity to
secure social bonds by intensifying market regulations and by
assigning new meaning to marriage, gift-giving, and consumption.
Later generations have sometimes found such actions perplexing,
often dismissing them as evidence that business people of the late
medieval and early modern worlds did not fully understand market
rules. Howell, by contrast, shows that such practices were governed
by a logic specific to their age and that, however primitive they
may appear to subsequent generations, these practices made Europe s
economic future possible."
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