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This study of late medieval Sicily develops a critique of theories of dependence through trade, and a new interpretation of the late medieval economy. It thus addresses current debates on the origins of modern Italian economic dualism, and on the transition from feudalism to capitalism in early modern Europe. Dr Epstein argues that economic development during this period was shaped largely by regional political and institutional structures which regulated access to markets. Following the Black Death, many institutional and social constraints on commercialization were relaxed throughout...

For a long time guilds have been condemned as a major obstacle to economic progress in the pre-industrial era. This re-examination of the role of guilds in the early modern European economy challenges that view by taking into account fresh research on innovation, technological change and entrepreneurship. Leading economic historians argue that industry before the Industrial Revolution was much more innovative than previous studies have allowed for and explore the different products and production techniques that were launched and developed in this period. Much of this innovation was fostered...