Religion , longevity , and cooperation : The case of the craft guild

  • Gary Richardsona, Michael McBrideb
  • Published 2009
When the mortality rate is high, repeated interaction alone may not sustain cooperation, and religion may play an important role in shaping economic institutions. This insight explains why during the fourteenth century, when plagues decimated populations and the church promoted the doctrine of purgatory, guilds that bundled together religious and… (More)