Book Received
INDEX
  • Section A) The theory and practise of the federal states and multi-level systems of government
  • Section B) Global governance and international organizations
  • Section C) Regional integration processes
  • Section D) Federalism as a political idea
  • Section B) Global governance and international organizations
    Subsection 2.The economic and financial international organizations
    Ewert Ulf Christian, Selzer Stephan
    Institutions of Hanseatic Trade Studies on the Political Economy of a Medieval Network Organisation
    Ed. Peter Lang , Frankfurt am Main, Bern, Bruxelles, New York, Oxford, Warszawa, Wien , 2016
    Page 196

    ISBN 9783631697528
    The merchants of the medieval Hanse monopolised trade in the Baltic and North Sea areas. The authors describe the structure of their trade system in terms of network organisation and attempts to explain, on the grounds of institutional economics, the coordination of the merchants’ commercial exchange by reputation, trust and culture. The institutional economics approach also allows for a comprehensive analysis of coordination problems arising between merchants, towns and the ‘Kontore’. Due to the simplicity and flexibility of network trade the Hansards could bridge the huge gap in economic development between the West and the East. In the changing economic conditions around 1500, however, exactly these characteristics proved to be a serious limit to further retain their trade monopoly.
    Description
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