Price History and the Bursa Silk Industry: A Study in Ottoman Industrial Decline, 1550–1650

Murat Cizakca

The Journal of Economic History, 1980, vol. 40, issue 3, 533-550

Abstract: The Ottoman Empire did not escape the “price revolution” of the “long” sixteenth century. As far as the Bursa silk industry was concerned, however, the rate of increase of relative prices was such as to result in a price “scissors.” This situation led to declining profits in the production of cloth, while profits in the production of the raw material were substantial. A transformation of Bursa's economy from cloth production to raw material production followed. It appears that this transformation conformed to a cyclical pattern in the following centuries, a pattern that was chiefly dictated by European economic might.

Date: 1980
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.cambridge.org/core/product/identifier/ ... type/journal_article link to article abstract page (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cup:jechis:v:40:y:1980:i:03:p:533-550_08

Access Statistics for this article

More articles in The Journal of Economic History from Cambridge University Press Cambridge University Press, UPH, Shaftesbury Road, Cambridge CB2 8BS UK.
Bibliographic data for series maintained by Kirk Stebbing ().