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Quality Regulation

Ogilvie, Sheilagh

The European Guilds, 2019, Vol.78, p.307

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Título:
Quality Regulation
Autor: Ogilvie, Sheilagh
Assuntos: consumers ; Economic History ; European economy ; guilds ; information asymmetries ; market failure ; market regulations ; producers ; quality violations ; state failures
É parte de: The European Guilds, 2019, Vol.78, p.307
Descrição: Taking a broad perspective, might it still be possible to believe that guilds were beneficial institutions? Even though they erected entry barriers, manipulated markets, and oppressed women, extracting profits for their members at the expense of everyone else, might they still have created countervailing benefits? The premodern economy, one might argue, did not have the supporting institutions necessary to sustain a well-functioning system of competitive markets. So the relevant comparison might not be between guilds and markets, but between guilds that provided some support for market exchange and a guildless economy with no exchange at all. Precisely the cartel profits
Editor: United States: Princeton University Press
Idioma: Inglês

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