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}
}
  • G. Richardson
  • Published 2001
  • Economics
  • 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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