DuPlessis R. & Howell M. (1982) Killing capitalism in its craddle (twice)

November 21, 2009

DuPlessis, Robert S. and Martha C. Howell (1982) Reconsidering the Early Modern Urban Economy : The Case of Leiden and Lille. Past and Present, 94/, 49-84.

In Marx’s view, capitalism had arisen in the late Middle Ages out of a production system dominated by lords and guilds. In this framework, urban economies can be regarded as the craddle of capitalism (p.44), the places where capital and labour were separated through the use of putting-out, or the hiring of a migrant or female workforce (p.45). However some cities, such as Leiden and Lille where artisans remained proprietors of their means of production, still managed to integrated the very competitive European textile market (p.46). Read the rest of this entry »

The World Economic Forum, Davos, 2009 in an Historical Context

January 30, 2009


A Comment written by Rich Marino

While watching all the spectacular people speaking in Davos, Switzerland this week, I couldn’t help but think that I had heard all of this before. It was a very surreal, very bizarre experience!  So, I took the liberty of visiting the website of the World Economic Forum in Davos, and I went to their archives and retrieved their oldest annual report which dates back 10 years to 1999. In that light, please find the following overview of the forum which took place at their annual meeting in Davos between January 28th and February 2nd, 1999: Read the rest of this entry »

Le Goff J. (1986) Usury, religion and the birth of capitalism in the Middle Ages

October 14, 2007

Jacques Le Goff (1986) La Bourse et la vie. Economie et religion au Moyen Age, Paris, Hachette, 150p.*


After the council of Lateran IV (1215) confessions became private and regular instead of rare and collective. The individual became responsible of his own sins instead of assuming his share of the sins of the whole society. Pawnbrokers are thus suddenly singled out by the church as symbol of cupidity at a time when the central quality put forward by the Church was poverty. Read the rest of this entry »