A Tale of Two Theories: Monopolies and Craft Guilds in Medieval England and Modern Imagination

Journal of the History of Economic Thought, Vol. 23, No. 2, pp. 217-242, 2001

26 Pages Posted: 18 Nov 2009

See all articles by Gary Richardson

Gary Richardson

University of California at Irvine; National Bureau of Economic Research

Date Written: 2001

Abstract

Guilds that manufactured merchandise in the later Middle Ages lacked legal monopolies over markets for manufactured merchandise.

Keywords: Guild, monopoly, rent seeking, medieval industry, monopolistic competition, Middle Ages, craft guilds

JEL Classification: N43, B14, B15, B21, B24, B25, B4, D2, D4, K2, L, N63, N83, O52

Suggested Citation

Richardson, Gary, A Tale of Two Theories: Monopolies and Craft Guilds in Medieval England and Modern Imagination (2001). Journal of the History of Economic Thought, Vol. 23, No. 2, pp. 217-242, 2001 . Available at SSRN: https://ssrn.com/abstract=1507322

Gary Richardson (Contact Author)

University of California at Irvine ( email )

3151 Social Science Plaza
Irvine, CA 92697-5100
United States

HOME PAGE: http://www.socsci.uci.edu/~garyr/welcome.html

National Bureau of Economic Research ( email )

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

HOME PAGE: http://www.nber.org

Register to save articles to
your library

Register

Paper statistics

Downloads
74
Abstract Views
1,000
rank
319,455
PlumX Metrics