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A magisterial new history of commercial institutions, this book shows how the study of merchant guilds can help us understand which types of institution made trade grow, why institutions exist, and how corporate privileges affect economic efficiency and human well-being.

Produktbeschreibung
A magisterial new history of commercial institutions, this book shows how the study of merchant guilds can help us understand which types of institution made trade grow, why institutions exist, and how corporate privileges affect economic efficiency and human well-being.
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Autorenporträt
Sheilagh Ogilvie is Professor of Economic History at the University of Cambridge and a Fellow of the British Academy. Her prize-winning publications include State Corporatism and Proto-Industry: The Württemberg Black Forest 1590-1797 (Cambridge, 1997, winner of the Gyorgy Ranki Prize 1999) and A Bitter Living: Women, Markets, and Social Capital in Early Modern Germany (2003, winner of the René Kuczynski Prize 2004).
Rezensionen
'Sheilagh Ogilvie shows yet again the brilliant scientific results to be achieved from combining an economist's clarity of mind with a historian's respect for how it actually was. She demolishes the Panglossian story put forward by the New Institutionalists, reminding us that for guilds as for manors and taxes and trade a proud power could trump efficiency. Elegantly written, decisively argued, her book is an instant classic.' Deirdre McCloskey, University of Illinois, Chicago