Central Europe's way to a market economy, 1000-1800
Oliver Volckart
This article presents a model of the transformation Central European economy between years 1000 and 1800. On basis assumptions about social environment, actors, relations them, deductions are made that compared to actual historical developments. The explains why competitive markets emerged in high Middle Ages, anti-competitive corporations states developed period up seventeenth century, institutions safeguarding market exchange began be introduced course eighteenth century.
European Review of Economic History