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Jaco Zuijderduijn . Photo

Jaco Zuijderduijn

Senior lecturer

Jaco Zuijderduijn . Photo

The organisation of markets as a key factor in the rise of Holland from the fourteenth to the sixteenth century : A test case for an institutional approach

Author

  • Bas Van Bavel
  • Jessica Dijkman
  • Erika Kuijpers
  • Jaco Zuijderduijn

Summary, in English

Although the importance of New Institutional Economics and the institutional approach for understanding pre-industrial economic development and the early growth of markets are widely accepted, it has proven to be difficult to assess more directly the effects of institutions on the functioning of markets. This paper uses empirical research on the rise of markets in late medieval Holland to illuminate some of the factors behind the development of the specific institutional framework of markets for land, labour, capital and goods, and some effects of these institutions on the actual functioning of the markets. The findings are corroborated by a tentative comparison with the functioning of markets in Flanders and eastern England.

Publishing year

2012-12

Language

English

Pages

347-378

Publication/Series

Continuity and Change

Volume

27

Issue

3

Document type

Journal article

Publisher

Cambridge University Press

Topic

  • Economic History

Status

Published

ISBN/ISSN/Other

  • ISSN: 0268-4160