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Are the roots of the modern Lex Mercatoria really medieval?

Volckart, Oliver and Mangels, Antje (1999) Are the roots of the modern Lex Mercatoria really medieval? Southern Economic Journal, 65 (3). pp. 427-450. ISSN 0038-4038

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Abstract

This article analyzes how trade was conducted between the tenth and thirteenth centuries. We claim that, as most exchange was simultaneous, differences between law codes did not pose a substantial problem and that mercantile guilds developed not to provide institutions comparable to the modem lex mercatoria, but rather to supply physical security. The development of nonsimultaneous exchange was made possible predominantly by the emergence of urban au- tonomy and urban law applicable to all merchants trading within town, so it appears that the importance of universally accepted commercial institutions in the Middle Ages has hitherto been vastly overrat

Item Type: Article
Official URL: http://onlinelibrary.wiley.com/journal/10.1002/(IS...
Additional Information: © 1999 Southern Economic Association
Divisions: Economic History
Subjects: D History General and Old World > D History (General) > D111 Medieval History
Sets: Departments > Economic History
Date Deposited: 12 Oct 2017 14:45
Last Modified: 20 Jan 2020 01:48
URI: http://eprints.lse.ac.uk/id/eprint/84629

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