作者:University of London; London School Economics & Political Science
摘要:This article argues that medieval craft guilds emerged in order to provide transferable skills through apprenticeship. They prospered for more than half a millennium because they sustained interregional specialized labor markets and contributed to technological invention by stimulating technical diffusion through migrant labor and by providing inventors with temporary monopoly rents. They played a leading role in preindustrial manufacture because their main competitor, rural putting out, was a...
作者:Hebrew University of Jerusalem
摘要:The bullion famine, manifested in chronic balance-of-payments deficits with the East, is widely cited as the cause of the great depression of the Renaissance. Adapting the monetary approach to the balance-of-payments model to the medieval commodity money setting this article shows that western Europe could not suffer a balance-of-payments deficit and bullion shortage simultaneously. New data show that it is unlikely that France suffered a shortage of silver from 1360 to 1415. Minting volumes d...
作者:Johannes Kepler University Linz
作者:Massachusetts Institute of Technology (MIT); National Bureau of Economic Research
作者:University System of Ohio; Ohio State University