This paper examines the management issues faced by a businessman in pre-industrial Europe and how he addressed those issues. Management focused on four main areas - managing agents (personnel); financial management; risk management; and information management (communications and accounting)

Economic growth in pre-industrial Europe was driven by the expansion of the market. The "market" was a complex commercial structure made up of merchant firms, merchant associations, and organized markets. This paper provides an overview of the pre-industrial commercial structure, of how it...

This paper reexamines the view that opening capital markets must have long-run benefits. The analysis shows that the desirability of opening a country's capital markets depends on the nature of the technology assumed. Models of knowledge-based growth predict that changes which alter the...

This paper reexamines the view that opening capital markets must have long-run benefits. The analysis shows that the desirability of opening a country's capital markets depends on the nature of the technology assumed. Models of knowledge-based growth predict that changes that alter the economy's...