The “institutional embeddedness” of prices and valuation in early modern Europe

L' « encastrement institutionnel » des prix et de l'évaluation dans l'Europe moderne

Michela Barbot
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Michela Barbot: IDHES - Institutions et Dynamiques Historiques de l'Économie et de la Société - UP1 - Université Paris 1 Panthéon-Sorbonne - UP8 - Université Paris 8 Vincennes-Saint-Denis - UPN - Université Paris Nanterre - UEVE - Université d'Évry-Val-d'Essonne - CNRS - Centre National de la Recherche Scientifique - ENS Paris Saclay - Ecole Normale Supérieure Paris-Saclay

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Abstract: How was the correlation between prices and value understood before the birth of economic science? And what were the institutional and material foundations of valuation procedures? The field of civil law offers an interesting perspective to explore these questions as it allows to analyse the plurality of means by which the preindustrial societies coped with a common challenge: reducing the risk of price conflicts in order to ensure the enforcement of contractual commitments.

Keywords: Price; values; institutions; law; contracts (search for similar items in EconPapers)
Date: 2023
New Economics Papers: this item is included in nep-his, nep-hme and nep-hpe
Note: View the original document on HAL open archive server: https://hal.science/hal-04373041v1
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Published in Regards croisés sur l'économie, 2023, Fixer les prix, concevoir la valeur, 32, pp.16-25. ⟨10.3917/rce.032.0016⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-04373041

DOI: 10.3917/rce.032.0016

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