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The jump‐start of the Holland economy during the late‐medieval crisis, c.1350–c.1500

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  • BAS J. P. Van BAVEL
  • JAN LUITEN Van ZANDEN

Abstract

By c.1500 the Holland economy had already acquired modern traits, as witnessed by the occupational structure and the urbanization rate. This article tries to explain the remarkable development of the Holland economy between 1350 and 1500, linking it to the specific occupation history of the region in the eleventh to thirteenth centuries. The combination of high wages in this frontier economy with increasing difficulties in arable agriculture as a result of the subsidence of peat soils, and the absence of feudal restrictions in production and marketing, resulted in the rise of capital‐intensive industries, benefiting from converging wages and increasing market integration.

Suggested Citation

  • BAS J. P. Van BAVEL & JAN LUITEN Van ZANDEN, 2004. "The jump‐start of the Holland economy during the late‐medieval crisis, c.1350–c.1500," Economic History Review, Economic History Society, vol. 57(3), pages 503-532, August.
    • Handle: RePEc:bla:ehsrev:v:57:y:2004:i:3:p:503-532
    DOI: 10.1111/j.1468-0289.2004.00286.x
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    References listed on IDEAS

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    1. Van Zanden, Jan Luiten, 2002. "Taking the measure of the early modern economy: Historical national accounts for Holland in 1510/14," European Review of Economic History, Cambridge University Press, vol. 6(2), pages 131-163, August.
    2. Clark, Gregory, 1988. "The cost of capital and medieval agricultural technique," Explorations in Economic History, Elsevier, vol. 25(3), pages 265-294, July.
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    Cited by:

    1. Oscar Gelderblom & Joost Jonker, 2013. "Early Capitalism in the Low Countries," Working Papers 0041, Utrecht University, Centre for Global Economic History.
    2. van Bavel, Bas, 2016. "The Invisible Hand?: How Market Economies have Emerged and Declined Since AD 500," OUP Catalogue, Oxford University Press, number 9780199608133, Decembrie.
    3. Wahl, Fabian, 2016. "Does medieval trade still matter? Historical trade centers, agglomeration and contemporary economic development," Regional Science and Urban Economics, Elsevier, vol. 60(C), pages 50-60.
    4. Bas Bavel & Auke Rijpma, 2016. "How important were formalized charity and social spending before the rise of the welfare state? A long-run analysis of selected western European cases, 1400–1850," Economic History Review, Economic History Society, vol. 69(1), pages 159-187, February.
    5. Remi Jedwab & Noel D. Johnson & Mark Koyama, 2019. "Pandemics, Places, and Populations: Evidence from the Black Death," Working Papers 2019-3, The George Washington University, Institute for International Economic Policy.
    6. Sara Horrell, 2023. "Household consumption patterns and the consumer price index, England, 1260–1869," Economic History Review, Economic History Society, vol. 76(4), pages 1023-1050, November.
    7. İ. Semih Akçomak & Dinand Webbink & Bas Weel, 2016. "Why Did the Netherlands Develop So Early? The Legacy of the Brethren of the Common Life," Economic Journal, Royal Economic Society, vol. 126(593), pages 821-860, June.
    8. Fochesato, Mattia, 2018. "Origins of Europe’s north-south divide: Population changes, real wages and the ‘little divergence’ in early modern Europe," Explorations in Economic History, Elsevier, vol. 70(C), pages 91-131.
    9. Sheilagh Ogilvie, 2012. "Choices and Constraints in the Pre-Industrial Countryside," Working Papers 1, Department of Economic and Social History at the University of Cambridge, revised 01 Jan 2012.
    10. Robertson, Jeffrey & Funnell, Warwick, 2012. "The Dutch East-India Company and accounting for social capital at the dawn of modern capitalism 1602–1623," Accounting, Organizations and Society, Elsevier, vol. 37(5), pages 342-360.
    11. Jan Luiten van Zanden & Bas van Leeuwen, 2011. "The Character of growth before 'modern economics growth'? The GDP of Holland between 1347 and 1807," Working Papers 0004, Utrecht University, Centre for Global Economic History.

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