Rehabilitating the Guilds: A Reply

  title={Rehabilitating the Guilds: A Reply},
  author={Sheilagh Ogilvie},
  journal={Economic History},
This article examines Epstein's attempt to rehabilitate pre-modern craft guilds by criticizing my German case study. It demonstrates that his criticisms are baseless and his assertions about European guilds unsupported. Long survival does not establish the efficiency or aggregate economic benefits of any institution. Contrary to rehabilitation views, craft guilds adversely affected quality, skills, and innovation. Guild rent-seeking imposed dead weight losses on the economy and generated no… Expand
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