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In the late Middle Ages the county of Holland experienced a process of uncommonly rapid commercialisation. Comparing Holland to England and Flanders this book examines how the institutions that shaped commodity markets contributed to this remarkable development.
The late Middle Ages witnessed the transformation of the county of Holland from a peripheral agrarian region to a highly commercialised and urbanised one. This book examines how the organisation of commodity markets contributed to this remarkable development. Comparing Holland to England and Flanders, the book shows that Holland’s specific history of reclamation and settlement had given rise to a favourable balance of powers between state, nobility, towns and rural communities that reduced opportunities for rent-seeking and favoured the rise of efficient markets. This allowed burghers, peasants and fishermen to take full advantage of new opportunities presented by changing economic and ecological circumstances in the late fourteenth and early fifteenth centuries.
The volume explores late medieval market mechanisms and associated institutional, fiscal and monetary, organizational, decision-making, legal and ethical issues, as well as selected aspects of production, consumption and market integration. The essays span a variety of local, regional, and long-distance markets and networks.
This edited collection demonstrates how economic history can be analysed using both quantitative and qualitative methods, connecting statistical research with the social, cultural and psychological aspects of history. With their focus on the time between the end of the commercial revolution and the Black Death (c. 1300), and the Thirty Years’ War (c. 1600), Kypta et al. redress a significant lack of published work regarding economic history methodology in the premodern period. Case studies stem from the Holy Roman Empire, one of the most important economic regions in premodern times, and reconnect the German premodern economic history approach with the grand narratives that have been developed mainly for Western European regions. Methodological approaches stemming from economics as well as from sociology and cultural studies show how multifaceted research in economic history can be, and how it might accordingly offer us new insights into premodern economies. Chapters 9 and 10 are available open access under a Creative Commons Attribution 4.0 International License via link.springer.com.
For more than four centuries, Jewish life has been based on a code of law written by Joseph Caro, his Shulḥan `aruk ['set table']. The work was an immediate best-seller because it presented the law in a clear and concise format. Caro's work, however, was methodologically problematic and was widely criticized in the first generations after its publication. In this volume, Edward Fram examines Caro's methods as well as those of two of his contemporaries, Moses Isserles and Solomon Luria. He highlights criticisms of Caro's legal thought and brings alternative methodologies to the fore. He also compares these three jurists, while placing their methods, and cases in their historical, intellectual, and religious contexts. Fram's volume ultimately explains why Caro's methodologically problematic work won the day, while more sophisticated approaches remained points of legal reference but fell short of achieving the acceptance that their authors hoped for.
The first volume of The Cambridge History of Capitalism provides a comprehensive account of the evolution of capitalism from its earliest beginnings. Starting with its distant origins in ancient Babylon, successive chapters trace progression up to the 'Promised Land' of capitalism in America. Adopting a wide geographical coverage and comparative perspective, the international team of authors discuss the contributions of Greek, Roman, and Asian civilizations to the development of capitalism, as well as the Chinese, Indian and Arab empires. They determine what features of modern capitalism were present at each time and place, and why the various precursors of capitalism did not survive. Looking at the eventual success of medieval Europe and the examples of city-states in northern Italy and the Low Countries, the authors address how British mercantilism led to European imitations and American successes, and ultimately, how capitalism became global.
This work provides a new narrative for Orsanmichele in the era before the Renaissance. It examines Orsanmichele from the mid-thirteenth century, as the piazza transformed into the city’s grain market. It considers the market’s tandem confraternity, with its stunning Madonnas over three successive loggias. It examines the grain market and confraternity from a social, economic, political, and artistic perspective. It provides extensive data on the Florentine grain trade, sales at the market, and the nexus between traders, political leaders, and the confraternity. The work suggests that developments at Orsanmichele during the medieval period formed the basis for the Renaissance structure.
The Invisible Hand? offers a radical departure from the conventional wisdom of economists and economic historians, by showing that 'factor markets' and the economies dominated by them — the market economies — are not modern, but have existed at various times in the past. They rise, stagnate, and decline; and consist of very different combinations of institutions embedded in very different societies. These market economies create flexibility and high mobility in the exchange of land, labour, and capital, and initially they generate economic growth, although they also build on existing social structures, as well as existing exchange and allocation systems. The dynamism that results from the rise of factor markets leads to the rise of new market elites who accumulate land and capital, and use wage labour extensively to make their wealth profitable. In the long term, this creates social polarization and a decline of average welfare. As these new elites gradually translate their economic wealth into political leverage, it also creates institutional sclerosis, and finally makes these markets stagnate or decline again. This process is analysed across the three major, pre-industrial examples of successful market economies in western Eurasia: Iraq in the early Middle Ages, Italy in the high Middle Ages, and the Low Countries in the late Middle Ages and the early modern period, and then parallels drawn to England and the United States in the modern period. These areas successively saw a rapid rise of factor markets and the associated dynamism, followed by stagnation, which enables an in-depth investigation of the causes and results of this process.
The Routledge Handbook of Medieval Rural Life brings together the latest research on peasantry in medieval Europe. The aim is to place peasants – as small-scale agricultural producers – firmly at the centre of this volume, as people with agency, immense skill and resilience to shape their environments, cultures and societies. This volume examines the changes and evolutions within village societies across the medieval period, over a broad chronology and across a wide geography. Rural structures, families and hierarchies are examined alongside tool use and trade, as well as the impact of external factors such as famine and the Black Death. The contributions offer insights into multidisciplinary research, incorporating archaeological as well as landscape studies alongside traditional historical documentary approaches across widely differing local and regional contexts across medieval Europe. This book will be an essential reference for scholars and students of medieval history, as well those interested in rural, cultural and social history.
Capitalism is central to our understanding of contemporary economic and political life and yet what does it really mean? If, as has now been shown to be the case, capital and property rights existed in pre-modern and pre-capitalist societies, what is left of our understanding of capitalism? Steven G. Marks' provocative new book calls into question everything we thought we knew about capitalism, from the word's very origins and development to the drivers of Western economic growth. Ranging from the Middle Ages to the present, The Information Nexus reveals that the truly distinctive feature of capitalism is business's drive to acquire and analyze information, supported by governments that allow unfettered access to public data. This new interpretation of capitalism helps to explain the rise of the West, puts our current information age into historical perspective, and provides a benchmark for the comparative assessment of economic systems in today's globalized environment.