Bonds of trade, a: economic institutions in pre-modern northern europe
Auteur :
Kallioinen, Mika
Éditeur :
Kallioinen, Mika
ISBN :
9781443841382
Date de publication :
19 oct. 2012
Dimensions :
21,2 x 14,8 cm
Poids :
408 g
Format :
With dust jacket
Langue :
Anglais
Pays d'origine :
Grande Bretagne
Pre-modern, long-distance trade was conducted in a highly complex and uncertain environment. Aside from the lack of personal security, trade was characterized by slow communication, asymmetric information, and limited contract enforceability. There was no state, in the modern sense, to protect merchants.