The Prudent Village: Risk Pooling Institutions in Medieval English Agriculture
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چکیده
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The Prudent Village: Risk Pooling Institutions in Medieval English Agriculture
The prudent peasant mitigated the risk of crop failures by scattering his arable land throughout his village, Deirdre McCloskey argued, because alternative risksharing institutions did not exist. But, alternatives did exist, this essay concludes. Medieval English peasants formed two types of farmers’ cooperatives. Fraternities protected members from the perils of everyday life. Customary poor l...
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ژورنال
عنوان ژورنال: The Journal of Economic History
سال: 2005
ISSN: 0022-0507,1471-6372
DOI: 10.1017/s0022050705000136