Institutions And The Path To The Modern Economy by Mark Greif
Lessons from Medieval Trade
A study of how economic and political institutions shaped the transition from medieval trade to modern market economies, emphasizing the move from personal, reputation-based exchange to impersonal, contract-enforced transactions. Using historical case studies and game-theoretic reasoning, it explains how norms, legal rules, and organizations co-evolve to address problems of commitment and enforcement. It shows why societies followed different development paths and how specific institutional configurations enabled Europe’s rise to sustained growth.
- Published
- 2006
- Nationality
- American
- Length
- Long
- Pages
- 500-550
- Original Language
- English
- Avg User Rating
- No ratings yet
- Alternate Titles
- None
This book is not currently on any lists.