Organized Markets in Pre-Industrial Europe

Kohn, Meir

doi:10.2139/ssrn.427764

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Organized Markets in Pre-Industrial Europe

81 Pages Posted: 4 Aug 2003

See all articles by Meir Kohn

Meir Kohn

Dartmouth College - Department of Economics

Date Written: July 2003

Abstract

Pre-industrial Europe was served by a network of market centers - market towns, fairs, and commercial cities. Within these centers, there were organized markets that lowered the cost of trading. An organized market provided traders with information, facilities for trading, a system of settlement, and a process of dispute resolution (the law merchant). This paper examines how these markets worked, how they were regulated, and how they evolved to meet the changing needs of the economy.

JEL Classification: N13, D20, D23, K40, L14, L22

Suggested Citation: Suggested Citation

Kohn, Meir G., Organized Markets in Pre-Industrial Europe (July 2003). Available at SSRN: https://ssrn.com/abstract=427764 or http://dx.doi.org/10.2139/ssrn.427764