A Tale of Two Theories: Monopolies and Craft Guilds in Medieval England and Modern Imagination
AbstractTwo fields of thought evolved simultaneously, but scholars in one ignored the evolution of the other. The first was the theory of monopoly, whose broad nineteenth-century definition narrowed considerably during the twentieth century. Concepts contained in its original incarnation attained independence when the Chamberlain-Robinson revolution introduced the modern lexicon of industrial organization. The second was the theory of guilds, originally devised when monopoly's definition was vague and rigidly maintained as its modern denotation developed.
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Bibliographic InfoPaper provided by California Irvine - School of Social Sciences in its series Papers with number 00-01-10.
Length: 39 pages
Date of creation: 2000
Date of revision:
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Postal: UNIVERSITY OF CALIFORNIA IRVINE, SCHOOL OF SOCIAL SCIENCES, IRVINECALIFORNIA 91717 U.S.A.
MONOPOLIES ; REVOLUTION ; LABOUR MARKET ; BEHAVIOUR;
Other versions of this item:
- Richardson, Gary, 2001. "A Tale of Two Theories: Monopolies and Craft Guilds in Medieval England and Modern Imagination," Journal of the History of Economic Thought, Cambridge University Press, vol. 23(02), pages 217-242, June.
- D42 - Microeconomics - - Market Structure and Pricing - - - Monopoly
- N63 - Economic History - - Manufacturing and Construction - - - Europe: Pre-1913
- J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
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- Richardson, Gary, 2004. "Guilds, laws, and markets for manufactured merchandise in late-medieval England," Explorations in Economic History, Elsevier, vol. 41(1), pages 1-25, January.
- 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.
- 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.
- Svensson, Göran & Wood, Greg & Callaghan, Michael, 2010. "A corporate model of sustainable business practices: An ethical perspective," Journal of World Business, Elsevier, vol. 45(4), pages 336-345, October.
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