The Prudent Village: Risk Pooling Institutions in Medieval English Agriculture
AbstractThe prudent peasant mitigated the risk of crop failures by scattering his arable land throughout his village, Deirdre McCloskey argued, because alternative risk-sharing institutions did not exist. But, alternatives did exist, this essay concludes. Medieval English peasants formed two types of farmers cooperatives. Fraternities protected members from the perils of everyday life. Customary poor laws redistributed resources towards villagers beset by bad luck. In both institutions, the expectation of reciprocation motivated farmers with surpluses to aid neighbors with shortages.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Cambridge University Press in its journal The Journal of Economic History.
Volume (Year): 65 (2005)
Issue (Month): 02 (June)
Contact details of provider:
Postal: The Edinburgh Building, Shaftesbury Road, Cambridge CB2 2RU UK
Fax: +44 (0)1223 325150
Web page: http://journals.cambridge.org/jid_JEHProvider-Email:firstname.lastname@example.org
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Sheilagh Ogilvie, 2007. "'Whatever Is, Is Right'?, Economic Institutions in Pre-Industrial Europe (Tawney Lecture 2006)," CESifo Working Paper Series 2066, CESifo Group Munich.
- Matthew T. Gregg, 2009.
"Cultural Persistence as Behavior Towards Risk: Evidence from the North Carolina Cherokees, 1850-1880,"
Journal of Income Distribution,
Journal of Income Distribution, vol. 18(2), pages 3-15, June.
- Gregg, Matthew T., 2009. "Cultural persistence as behavior towards risk: evidence from the North Carolina Cherokees, 1850-1880," MPRA Paper 33915, University Library of Munich, Germany.
- Stefan Mann & Henry Wüstemann, 2010. "Efficiency and utility: an evolutionary perspective," International Journal of Social Economics, Emerald Group Publishing, vol. 37(9), pages 676-685, September.
- Ogilvie, Sheilagh & Carus, A.W., 2014. "Institutions and Economic Growth in Historical Perspective," Handbook of Economic Growth, in: Handbook of Economic Growth, edition 1, volume 2, chapter 8, pages 403-513 Elsevier.
- Dan Bogart & Gary Richardson, 2011.
"Property Rights and Parliament in Industrializing Britain,"
Journal of Law and Economics,
University of Chicago Press, vol. 54(2), pages 241 - 274.
- Daniel Bogart & Gary Richardson, 2010. "Property Rights and Parliament in Industrializing Britain," NBER Working Papers 15697, National Bureau of Economic Research, Inc.
- Greif, Avner & Iyigun, Murat & Sasson, Diego, 2011. "Risk, Institutions and Growth: Why England and Not China?," IZA Discussion Papers 5598, Institute for the Study of Labor (IZA).
- Gary Richardson & Michael McBride, 2008.
"Religion, Longevity, and Cooperation: The Case of the Craft Guild,"
NBER Working Papers
14004, National Bureau of Economic Research, Inc.
- Richardson, Gary & McBride, Michael, 2009. "Religion, longevity, and cooperation: The case of the craft guild," Journal of Economic Behavior & Organization, Elsevier, vol. 71(2), pages 172-186, August.
- Ruben Durante, 2010.
"Risk, Cooperation and the Economic origins of social Trust: an empirical Investigation,"
Sciences Po publications
info:hdl:2441/eu4vqp9ompq, Sciences Po.
- Durante, Ruben, 2009. "Risk, Cooperation and the Economic Origins of Social Trust: an Empirical Investigation," MPRA Paper 25887, University Library of Munich, Germany.
- Srinivas, Smita, 2010. "Industrial welfare and the state: nation and city reconsidered," MPRA Paper 52651, University Library of Munich, Germany.
- Christopher Gerrard & David Petley, 2013. "A risk society? Environmental hazards, risk and resilience in the later Middle Ages in Europe," Natural Hazards, International Society for the Prevention and Mitigation of Natural Hazards, vol. 69(1), pages 1051-1079, October.
- Greif, Avner & Iyigun, Murat, 2013. "What Did the Old Poor Law Really Accomplish? A Redux," IZA Discussion Papers 7398, Institute for the Study of Labor (IZA).
- repec:spo:wpecon:info:hdl:2441/eu4vqp9ompqllr09iatsh0to2 is not listed on IDEAS
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Keith Waters).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.