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Guilds and mutual protection in England

Wallis, Patrick (2018) Guilds and mutual protection in England. Economic History working papers (287). London School of Economics and Political Science, Economic History, London, UK.

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Abstract

Guilds made an important contribution to the provision of mutual welfare to their members in the Netherlands and some other parts of Europe, giving their members entitlements to support and assistance during periods of unemployment, sickness or disability. This paper explores the role guilds played in mutual insurance in early modern England. A study of the rules and practices of a range of guilds from London and provincial towns indicates that craft guilds in England had no visible involvement in providing mutual insurance during the sixteenth to the eighteenth centuries. They did, however, provide substantial volumes of charity, much of which was directed to members of the guild who fell into poverty. Mutual insurance emerged on a large scale in England with the Friendly Societies. However, there is no evidence that these Societies had any direct or indirect connection to craft guilds, except in seeking to project a form of conceptual kinship with a medieval fraternal past.

Item Type: Monograph (Working Paper)
Official URL: http://www.lse.ac.uk/Economic-History
Additional Information: © 2018 The Author
Divisions: Economic History
Subjects: H Social Sciences > HC Economic History and Conditions
JEL classification: D - Microeconomics > D0 - General > D02 - Institutions: Design, Formation, and Operations
D - Microeconomics > D6 - Welfare Economics > D64 - Altruism
L - Industrial Organization > L2 - Firm Objectives, Organization, and Behavior > L22 - Firm Organization and Market Structure: Markets vs. Hierarchies; Vertical Integration; Conglomerates; Subsidiaries
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 > N4 - Government, War, Law, and Regulation > N43 - Europe: Pre-1913
Sets: Departments > Economic History
Date Deposited: 22 Oct 2018 09:57
Last Modified: 30 Jan 2019 12:41
URI: http://eprints.lse.ac.uk/id/eprint/90464

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