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Central Europe's way to a market economy, 1000–1800

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  • VOLCKART, OLIVER

Abstract

This 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.

Suggested Citation

  • Volckart, Oliver, 2002. "Central Europe's way to a market economy, 1000–1800," European Review of Economic History, Cambridge University Press, vol. 6(3), pages 309-337, December.
  • Handle: RePEc:cup:ereveh:v:6:y:2002:i:03:p:309-337_00
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    Cited by:

    1. David Dolejší, 2022. "Feudal bargain in Prague: The rise, spread, and fall of craft guilds," Rationality and Society, , vol. 34(2), pages 237-267, May.
    2. Schaff, Felix, 2020. "When ‘the state made war’, what happened to economic inequality? Evidence from preindustrial Germany (c.1400-1800)," LSE Research Online Documents on Economics 107046, London School of Economics and Political Science, LSE Library.
    3. Schaff, Felix, 2020. "When ‘the state made war’, what happened to economic inequality? Evidence from preindustrial Germany (c.1400-1800)," Economic History Working Papers 107046, London School of Economics and Political Science, Department of Economic History.
    4. Chilosi, David, 2014. "Risky Institutions: Political Regimes and the Cost of Public Borrowing in Early Modern Italy," The Journal of Economic History, Cambridge University Press, vol. 74(3), pages 887-915, September.
    5. Chilosi, David & Volckart, Oliver, 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.

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