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Books > History > History of specific subjects > Economic history
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The European Guilds - An Economic Analysis (Hardcover)
Loot Price: R1,019
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The European Guilds - An Economic Analysis (Hardcover)
Series: The Princeton Economic History of the Western World
Expected to ship within 12 - 17 working days
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A comprehensive analysis of European craft guilds through eight
centuries of economic history Guilds ruled many crafts and trades
from the Middle Ages to the Industrial Revolution, and have always
attracted debate and controversy. They were sometimes viewed as
efficient institutions that guaranteed quality and skills. But they
also excluded competitors, manipulated markets, and blocked
innovations. Did the benefits of guilds outweigh their costs?
Analyzing thousands of guilds that dominated European economies
from 1000 to 1880, The European Guilds uses vivid examples and
clear economic reasoning to answer that question. Sheilagh
Ogilvie's book features the voices of honourable guild masters,
underpaid journeymen, exploited apprentices, shady officials, and
outraged customers, and follows the stories of the "vile
encroachers"-women, migrants, Jews, gypsies, bastards, and many
others-desperate to work but hunted down by the guilds as illicit
competitors. She investigates the benefits of guilds but also
shines a light on their dark side. Guilds sometimes provided
important services, but they also manipulated markets to profit
their members. They regulated quality but prevented poor consumers
from buying goods cheaply. They fostered work skills but denied
apprenticeships to outsiders. They transmitted useful techniques
but blocked innovations that posed a threat. Guilds existed widely
not because they corrected market failures or served the common
good but because they benefited two powerful groups-guild members
and political elites. Exploring guilds' inner workings across eight
centuries, The European Guilds shows how privileged institutions
and exclusive networks shape the wider economy-for good or ill.
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