Market-Supporting Institutions, Gild Organisations, and the Industrial Revolution: A Comparative View
Document Type
Article
Publication Date
11-1-2013
Abstract
This article investigates the conditions for the emergence of the agents of the Industrial Revolution by comparing the market-supporting institutions in pre-modern England and China. Market-supporting institutions in pre-modern England supported group mobility and expansion of laws, which permitted the forthcoming of new entrepreneurs critical for launching industrial ventures. By contrast, market-supporting institutions in pre-modern China, although supporting individual mobility, led to stable social stratification and stagnancy in law development, which did not provide appropriate conditions for the emergence of industrial entrepreneurs. © 2013 Wiley Publishing Asia Pty Ltd and the Economic History Society of Australia and New Zealand.
Publication Title
Australian Economic History Review
First Page Number
221
Last Page Number
246
DOI
10.1111/aehr.12013
Recommended Citation
Tan, Li, "Market-Supporting Institutions, Gild Organisations, and the Industrial Revolution: A Comparative View" (2013). Kean Publications. 2043.
https://digitalcommons.kean.edu/keanpublications/2043