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Quakers, coercion and pre-modern growth: why friends’ formal institutions for contract enforcement did not matter for early Atlantic trade expansion

Sahle, Esther (2014) Quakers, coercion and pre-modern growth: why friends’ formal institutions for contract enforcement did not matter for early Atlantic trade expansion. Economic History working paper series (211/2014). The London School of Economics and Political Science, London, UK.

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Abstract

During the late seventeenth century the Atlantic trade experienced unprecedented growth. The New Institutional Economists attribute this to the emergence of new institutions for property rights enforcement. During this period, Quakers emerged as the region’s most prominent trading community. This paper constitutes the first study of the London Quaker community. In contrast to the literature, claiming that they enjoyed a competitive advantage due to their church’s formal institutions for contract enforcement, this paper argues that Friends’ formal institutions for contract enforcement emerged only after 1750. This constituted a response to contemporary concern about debt.

Item Type: Monograph (Working Paper)
Official URL: http://www.lse.ac.uk/economicHistory/home.aspx
Additional Information: © 2014 The Author
Divisions: Economic History
Subjects: B Philosophy. Psychology. Religion > BL Religion
D History General and Old World > D History (General)
JEL classification: N - Economic History > N3 - Labor and Consumers, Demography, Education, Health, Income, and Wealth > N33 - Economic History: Labor and Consumers, Demography, Education, Health, Income and Wealth: Europe: Pre-1913
N - Economic History > N7 - Transport, International and Domestic Trade, Energy, Technology, and Other Services > N73 - Europe: Pre-1913
N - Economic History > N9 - Regional and Urban History > N93 - Europe: Pre-1913
Sets: Departments > Economic History
Collections > Economists Online
Date Deposited: 05 Dec 2014 09:16
Last Modified: 30 Jan 2019 12:18
URI: http://eprints.lse.ac.uk/id/eprint/60452

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