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Central Europe's way to a market economy, 1000–1800

Published online by Cambridge University Press:  28 November 2002

OLIVER VOLCKART
Affiliation:
School of Business and Economics, Humboldt-University, Spandauer Str. 1, 10178, Berlin, Germany
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Abstract

This article presents a model of the transformation of the Central European economy between the years 1000 and 1800. On the basis of assumptions about the social environment, the actors, and the relations between them, deductions are made that are compared to actual historical developments. The model explains why competitive markets emerged in the high Middle Ages, why anti-competitive corporations and states developed in the period up to the seventeenth century, and why institutions safeguarding market exchange began to be introduced in the course of the eighteenth century.

Type
Research Article
Copyright
© 2002 Cambridge University Press

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