The role of technology in the transition from premodern to modern economies in late eighteenth- and nineteenth-century Europe is among the major questions in economic history, but it is still poorly understood. A plausible explanation of premodern European technological development must account...

The role of technology in the transition from premodern to modern economies in late eighteenth- and nineteenth-century Europe is among the major questions in economic history, but it is still poorly understood. A plausible explanation of premodern European technological development must account...

An eminent medievalist and one of the most influential of the small band of Marxist historians working in the UK before 1968, Rodney Hilton’s work on the development of the English feudal system into industrial capitalism was, despite its renown, ultimately mistaken. The problems with...

The Market in Financial Instruments Directive (MiFID) aims to increasecompetition and to foster client protection in the European financialmarket. Among other provisions, it abolishes the concentration rule andchallenges the market ower of existing trading venues. The directiveintroduces venue...

[...]Our first suggestion is to reduce the fragmentation oftrading in STRIPS by assigning the same CUSIP number to allSTRIPS maturing on a common date—thus making thoseSTRIPS fungible with each other. In addition to enhancing theliquidity of the STRIPS market, this action would ensure...