Central Europe's way to a market economy, 1000 1800
AbstractThis article presents a model of the transformation of the Central European economy between the years 1000 and 1800. On the basis of assumptions about the social environment, the actors, and the relations between them, deductions are made that are compared to actual historical developments. The model explains why competitive markets emerged in the high Middle Ages, why anti-competitive corporations and states developed in the period up to the seventeenth century, and why institutions safeguarding market exchange began to be introduced in the course of the eighteenth century.
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Bibliographic InfoArticle provided by Cambridge University Press in its journal European Review of Economic History.
Volume (Year): 6 (2002)
Issue (Month): 03 (December)
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- David Chilosi & Oliver Volckart, 2010. "Books or bullion? Printing, mining and financial integration in Central Europe from the 1460s," Economic History Working Papers 28986, London School of Economics and Political Science, Department of Economic History.
- David Chilosi, 2013. "Risky institutions: political regimes and the cost of public borrowing in early modern Italy," Economic History Working Papers 50815, London School of Economics and Political Science, Department of Economic History.
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