A Tale of Two Theories: Monopolies and Craft Guilds in Medieval England and Modern Imagination
@inproceedings{Richardson2001ATO, title={A Tale of Two Theories: Monopolies and Craft Guilds in Medieval England and Modern Imagination}, author={G. Richardson}, year={2001} }
Two fields of thought evolved simultaneously, but scholars in one ignored the evolution of the other. The first was the theory of monopoly, whose broad nineteenth-century definition narrowed considerably during the twentieth century. Concepts contained in its original incarnation attained independence when the Chamberlain-Robinson revolution introduced the modern lexicon of industrial organization. The second was the theory of guilds, originally devised when monopoly's definition was vague and… CONTINUE READING
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