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We identify an ambiguity surrounding institutions and entrepreneurship. While entrepreneurship creates social value at the economy level in the appropriate institutional environment, individual entrepreneurs may create or destroy value in any institutional environment. This raises the question:...
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western Europe was scarce and high in value, difficult for the majority of the population to make use of. And yet, as Rory … Naismith shows in this illuminating study, coined money was made and used throughout early medieval Europe. It was, he argues … around, Naismith uses detailed case studies from the Mediterranean and northern Europe to propose a new reading of early …
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The volume explores late medieval market mechanisms and associated institutional, fiscal and monetary, organizational, decision-making, legal and ethical issues, as well as selected aspects of production, consumption and market integration. The essays span a variety of local, regional, and...
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