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Institutions and European Trade: Merchant Guilds, 1000-1800

Institutions and European Trade: Merchant Guilds, 1000-1800

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Key Metrics

  • Sheilagh Ogilvie
  • Cambridge University Press
  • Paperback
  • 9780521747929
  • 8.9 X 6 X 0.9 inches
  • 1.75 pounds
  • Business & Economics > International - General
  • English
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Book Description

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.
Institutions and European Trade: Merchant Guilds, 1000-1800

Author Bio

I grew up in the western Canadian city of Calgary, and have since lived in Scotland, Germany, England, the USA and the Czech Republic. I studied at the Universities of St Andrews, Cambridge, and Chicago, and was a Research Fellow at Trinity College Cambridge. 

I then taught for 31 years in the Faculty of Economics at the University of Cambridge, before moving to the Chichele Professorship of Economic History at All Souls College Oxford in 2020.

Research Interests

I explore the lives of ordinary people in the past and try to explain how poor economies get richer and improve human well-being. I’m particularly interested in how social institutions – the formal and informal constraints on economic activity – shaped economic development in Europe between the Middle Ages and the present day. 

In recent years my publications have analysed guilds, serfdom, communities, the family, gender, human capital investment, consumption, and state capacity.

 

 

 

 

Source: University of Oxford 

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