From the Tribal to the Open Society: The Role of Medieval Craft Guilds in the Emergence of a Market Order

Christelle Mougeot

The Review of Austrian Economics, 2003, vol. 16, issue 2-3, 169-81

Abstract: The emergence of a legally constituted State in 16th century western societies represents the final lap of a process extending the sphere of the individual freedoms necessary for the emergence of the market order. A peculiar stage of this process came in the form of guilds. They materialised into a need for emancipation from the values of the archaic society and became the keepers of a peace and a justice on the market by ensuring the respect of new rules of conduct (1). This analysis of the behaviour of craft guilds will illustrate the question of the possibility of rational economic activity in medieval society (2). Copyright 2003 by Kluwer Academic Publishers

Date: 2003
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