作者：GREIF, A
摘要：Although the late medieval Commercial Revolution is considered to be a water-shed in the economic history of Europe, the analysis of the interrelationship between political and economic systems in bringing about this period of economic growth has been neglected. This article conducts such an analysis with respect to the city of Genoa during the twelfth and thirteenth centuries. Viewing political institutions as self-enforcing agreements rather than as exogenous rules, I present and analyze the...
作者：ROGERS, FH
摘要：This paper explores the phenomenon of ''job-loan trading''-in which employers offered jobs in exchange for substantial loans from their new employees-as practiced in mid-nineteenth-century California. A sample of newspaper advertisements from 1857-76 reveals that despite the obvious inefficiencies of linking labor and capital markets, job-loan trading was both common and profitable. I assess labor market bonding against moral hazard or adverse selection as a possible explanation, but conclude ...
