Contract enforcement, institutions, and social capital: the Maghribi traders reappraised1
نویسندگان
چکیده
منابع مشابه
Contract enforcement, institutions, and social capital: the Maghribi traders reappraised1
Social scientists draw important lessons for modern development from the medieval Maghribi traders who, it has been argued, lacked effective legal mechanisms for contract enforcement and instead relied on informal sanctions based on collective ostracism within an exclusive coalition. We show that this claim is untenable. Not a single empirical example adduced as evidence of the putative coaliti...
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In this work we further the investigation into the functioning of the Maghribi Traders Coalition – a historically significant traders collective that operated along the North African coast between the 10th and 13th centuries. They acted as a closed group whose interactions were governed by informal institutions (i.e. norms). Historical accounts point to an apprenticeship system that was in forc...
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ژورنال
عنوان ژورنال: The Economic History Review
سال: 2011
ISSN: 0013-0117
DOI: 10.1111/j.1468-0289.2011.00635.x