Book Description

Market Ethics and Practices, c. 1300–1850 analyses the nature, development, and operation of market ethics in the context of social practices, ranging from rituals of exchange and unofficial expectations to law, institutions, and formal regulations from the late medieval through to the modern era. Divided into two parts, the first explores the principles and regulations of market ethics, such as the relations between professed norms and economic behaviour across a range of geographies and chronologies. The chapters consider key subjects such as medieval attitudes towards merchant activities across Europe, North Africa, and Asia; market regulations and the notion of the "common good"; Adam Smith’s conception of moral capitalism; and the combining of religious and capitalist ethics in Nat Turner’s "Confession." The second part provides microstudies that offer insights into topics such as household and market relations in colonial New England; the harsher side of the consumer economy experienced by a family of parasol sellers from Lyon; informal Jewish networks in the early modern Caribbean and slave trade; merchant networks and commercial litigation in eighteenth-century France; and early encounters and the informal norms of fur trading between Europeans and Native Americans. This book provides an understanding of the key pre-modern economic historiography, whilst pointing students towards new debates and the historical significance for our collective economic future. It is ideal for students and postgraduates of late medieval and early modern economic history.