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"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 honorable guild masters, underpaid journeymen, exploited apprentices, shady officials, and outraged customers, and fol...
This collection of essays provides an up-to-date introduction to 'proto-industrialization': the growth of export-oriented domestic industries which took place all over Europe between about 1500 and 1800. Often these industries expanded alongside agriculture, without advanced technology or centralized factories. Since the 1970s, numerous theories have been proposed, arguing that proto-industrialization transformed demographic behaviour, social structure and traditional institutions, and was a major cause of capitalism and factory industrialization. European proto-industrialization summarizes the theories and criticisms, and includes a reconsideration of the original theories, and chapters written by experts on different European countries. It provides an essential guide to an important, yet often confusing, field of economic and social history.
Women were key to the changes in the European economy between 1600 and 1800 that led the way to industrialization. But we still know little about this female 'shadow economy' - and nothing quantitative or systematic. This text aims to illuminate women's contribution to the pre-industrial economy.
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.
State Corporatism and Proto-Industry focuses on the WÜrttemberg worsted industry, an example of a "proto-industry" that arose in many parts of Europe preceding factory industrialization. It has been argued that these proto-industries broke down traditional society but this book suggests otherwise. With the help of the state, corporate institutions such as merchant companies and rural guilds, regulated every aspect of rural life and thus profoundly shaped early modern European economic, demographic and social development.
This study provides a comprehensive overview of Korea’s macroeconomic growth and structural change since World War II, and traces some of the roots of development to the colonial period. The authors explore in detail colonial development, changing national income patterns, relative price shifts, sources of aggregate growth, and sources of sectoral structural change, comparing them with other countries.
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Russian rural history has long been based on a 'Peasant Myth', originating with nineteenth-century Romantics and still accepted by many historians today. In this book, Tracy Dennison shows how Russian society looked from below, and finds nothing like the collective, redistributive and market-averse behaviour often attributed to Russian peasants. On the contrary, the Russian rural population was as integrated into regional and even national markets as many of its west European counterparts. Serfdom was a loose garment that enabled different landlords to shape economic institutions, especially property rights, in widely diverse ways. Highly coercive and backward regimes on some landlords' estates existed side-by-side with surprisingly liberal approximations to a rule of law. This book paints a vivid and colourful picture of the everyday reality of rural Russia before the 1861 abolition of serfdom.
Fresh approaches to how premodern women were viewed in legal terms, demonstrating how this varied from country to country and across the centuries.
The rise of China is no doubt one of the most important events in world economic history since the Industrial Revolution. Mainstream economics, especially the institutional theory of economic development based on a dichotomy of extractive vs. inclusive political institutions, is highly inadequate in explaining China's rise. This book argues that only a radical reinterpretation of the history of the Industrial Revolution and the rise of the West (as incorrectly portrayed by the institutional theory) can fully explain China's growth miracle and why the determined rise of China is unstoppable despite its current 'backward' financial system and political institutions. Conversely, China's spectac...