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Routledge Guilds, Price Formation and Market Structures in Byzantium

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Description

This scholarly volume from Routledge examines the complex guild systems of Byzantium and the Western world, presenting groundbreaking analysis of how prices were determined in Byzantine markets. The essays collected here employ innovative methodologies to explore the conceptual foundations, institutional frameworks, market organisation, and economic dynamics that shaped price formation across Byzantine trade. A key finding distinguishes Byzantine guilds from their Western counterparts: unlike Western guilds, Byzantine organisations lacked the market power and institutional backing necessary to fix prices through coordinated action. This collection provides historians, economists, and scholars of medieval commerce with essential insights into how Byzantine market structures functioned differently from established Western models, offering fresh perspectives on the relationship between institutional power and market control in pre-modern economies.

Key Features

Analyses the guild systems of both Byzantium and the West using comparative institutional approaches to understand market behaviour.

Investigates price formation processes in Byzantine markets through innovative scholarly methods that challenge conventional economic history assumptions.

Establishes that Byzantine guilds operated without price-fixing mechanisms due to insufficient market power and institutional support structures.

Explores market organisation, dynamics, and structural elements that fundamentally shaped Byzantine economic activity and trade practices.

Collected essays from leading scholars examining the conceptual basis and institutional parameters governing medieval Byzantine commerce.

Product Specifications

Format
hardcover
Domain
Amazon UK
Release Date
28 January 2009
Listed Since
16 October 2008

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