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Books > History > History of specific subjects > Economic history
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Institutions and European Trade - Merchant Guilds, 1000-1800 (Hardcover)
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Institutions and European Trade - Merchant Guilds, 1000-1800 (Hardcover)
Series: Cambridge Studies in Economic History - Second Series
Expected to ship within 12 - 17 working days
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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.
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