Finance Before the Industrial Revolution: An Introduction

Kohn, Meir

doi:10.2139/ssrn.151808

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Finance Before the Industrial Revolution: An Introduction

Dartmouth College, Department of Economics Working Paper No. 99-01

23 Pages Posted: 4 Mar 1999

See all articles by Meir Kohn

Meir Kohn

Dartmouth College - Department of Economics

Date Written: February 1999

Abstract

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

Kohn, Meir G., Finance Before the Industrial Revolution: An Introduction (February 1999). Dartmouth College, Department of Economics Working Paper No. 99-01, Available at SSRN: https://ssrn.com/abstract=151808 or http://dx.doi.org/10.2139/ssrn.151808