A review essay on The European Guilds

Mark Koyama

The Review of Austrian Economics, 2020, vol. 33, issue 1, No 17, 277-287

Abstract: Abstract Ogilvie’s The European Guilds is a major contribution to economic history and institutional economics. This review essay surveys the main contributions of Guilds, locating it in a long-standing debate over whether craft guilds contributed positively or negatively to economic development in medieval and early modern Europe. The wealth of evidence Ogilvie amasses suggests that craft guilds should be thought of as organizations that primarily benefited their members at the expense of non-members, and used regulations to extract rents and exclude outsiders.

Keywords: Guilds; Institutions; Rent-Seeking (search for similar items in EconPapers)
JEL-codes: D72 N0 N43 Y3 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (1)

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DOI: 10.1007/s11138-019-00476-7

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