January 2, 2013
Mueller, Reinhold C. (1987) I banchi locali a Venezia nel Tardo Medioevo. Studi Storici, 28/1: 145-55.
There is a lot to be admired in Austrian economists, their resilience, their attachment to simple elegant ideas and their sound understanding of the long-term factors that give the economy its cyclical nature. But one must admit that their Ludite-like hatred for finance is to the very least puzzling. They claim to trust nothing but gold and they would like to see the activity of banks restricted to little more than a locker service. Their trust in free market and in the adaptive nature of human ingenuity ends at the door of their local branch of HSBC. Read the rest of this entry »
July 15, 2009
"Police officers marching in Urumqi". Photo by Gilles Sabrie for The New York Times
If you want to know more about the historical and economic origins of Uighur’s unrest in China last weeks, here is a good article on Xinjiang’s history by Edward Wong, a New York Times journalist.
March 13, 2009
Gelderblom, Oscar (2005) “The decline of Fairs and Merchant Guilds in the Low Countries, 1250-1650″, Economy and Society in the Low Countries before 1850, Working Paper 1, 47p.
This article is available on line
Between the 11th and 13th century, during the Commercial Revolution, long-distance trade in Europe expanded rapidly thanks to organizational improvements such as fairs and merchant guilds (p.1). In fairs, merchants increased their chance to find business partners and benefited from the protection and the contract-enforcement abilities of the local jurisdictions. Merchant guilds were associations of traders from the same origin present in a foreign market and united in order to increase their bargain power with local authorities (p.2). Read the rest of this entry »
January 27, 2009
Bosker Maarten, Buringh Eltjo and van Zanden Jan Luiten (2008) “From Baghdad to London. The dynamics of urban growth in Europe and the Arab world, 800-1800”, CEPR.
In this article, the authors wonder how did Europe rose from insignificance to global domination from 800 to 1800, while the relative importance of the neighbouring Muslim regions decreased. They try to define the “preconditions for the genesis of the modern economic growth” (p.3) and to understand the roots of the European modernity. When did Europe and the Arab world diverge (p.4).? Read the rest of this entry »
January 15, 2009
Joseph Shatzmiller (1990) Shylock reconsidered: Jews, Moneylending, and Medieval Society, Berkeley, University of California Press, 250p.*
From February to July 1317, a trial opposing a Jewish moneylender called Bondavin to his client Laurent Girard took place in Marseille. Bondavin accused Laurent of not having paid back a 60-sols loan (15). A significant sum, but nothing extraordinary compared to Bondavin own’s fortune (certainly several hundred pounds) (21). So why did Bondavin engaged in a procedure if not for money? Read the rest of this entry »
August 31, 2008
Durand Robert (2004) “L’or musulman et la formation du Royaume du Portugal” in Michaud Françoise (ed.) Les Relations des pays d’Islam avec le monde latin du milieu du Xe siècle au milieu du XIIIe siècle, Paris, Vuibert, 250-261.
In the early 20th century, M. Lombard proposed the following thesis: the Muslim expansion triggered a major de-hoarding movement of the Sassanid and Byzantine gold reserve held in the newly conquered territories. According to R. Durand, a rather similar event may have followed the Almoravid and Almohad conquests of Spain. And it may have had a significant impact upon the formation of the Portuguese kingdom (p.250). Read the rest of this entry »