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Clans, Guilds, and Markets: Apprenticeship Institutions and Growth in the Pre-Industrial Economy / David de la Croix, Matthias Doepke, Joel Mokyr.
- Format:
- Book
- Author/Creator:
- de la Croix, David.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w22131.
- NBER working paper series no. w22131
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- Clans, Guilds, and Markets
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2016.
- Summary:
- In the centuries leading up to the Industrial Revolution, Western Europe gradually pulled ahead of other world regions in terms of technological creativity, population growth, and income per capita. We argue that superior institutions for the creation and dissemination of productive knowledge help explain the European advantage. We build a model of technological progress in a pre-industrial economy that emphasizes the person-to-person transmission of tacit knowledge. The young learn as apprentices from the old. Institutions such as the family, the clan, the guild, and the market organize who learns from whom. We argue that medieval European institutions such as guilds, and specific features such as journeymanship, can explain the rise of Europe relative to regions that relied on the transmission of knowledge within extended families or clans.
- Notes:
- Print version record
- March 2016.
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