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
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: Suggested Citation
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