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eBook, 2012
Current format, eBook, 2012, , All copies in use.
eBook, 2012
Current format, eBook, 2012, , All copies in use. Offered in 0 more formats
Pre-modern, long-distance trade was conducted in a highly complex and uncertain environment. Aside from the lack of personal security, trade was characterized by slow communication, asymmetric information, and limited contract enforceability. There was no state, in the modern sense, to protect merchants. Despite these overwhelming problems, trade, and even overseas trade, flourished in medieval and early modern Europe. This book explores this paradox: how could trade thrive and the economy ex ...
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