Why did investors decide to bet on the various companies that would form the three 1720 bubbles in France, England and the Netherlands? (p.1). How did these bubbles affect companies which unlike the Compagnie des Indes and the South Sea Company were neither involved in the Atlantic trade nor in public finance?
Richardson Gary (2005) “The Prudent Village: Risk Pooling Institution in Medieval English Agriculture”, The Journal Of Economic History, 65/2, 386-413.
In this somewhat cumbersome article, Richardson argues against McCloskey’s widely accepted vision of the medieval peasant’s management of the risk of crop failures by scattering his arable land throughout his village. This strategy had a major shortcoming: it significantly reduced average crop yield, but according to Mc Closkey, no better option was available to mitigate the risks of everyday agrarian life (p.386).
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