Finance Before the Industrial Revolution: An Introduction
Dartmouth College, Department of Economics Working Paper No. 99-01
23 Pages Posted: 4 Mar 1999
Date Written: February 1999
This paper examine the sources and uses of finance in the preindustrial economy. It explore the motives of individual savers and the choice of assets available to them. It then discusses the effects of the prohibition of usury on the availability of finance and on its form. It concludes with a description of the extensive system of "informal finance" out of which specialized financial institutions and markets evolved.
JEL Classification: E21, G00, N23
Suggested Citation: Suggested Citation