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Craft Guilds, Apprenticeship, and Technological Change in Preindustrial Europe

Published online by Cambridge University Press:  03 March 2009

S. R. Epstein
S. R. Epstein
Affiliation:
Reader in Economic History at the London School of Economics and Political Science, London WC2A 2AE.
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Abstract

This article argues that medieval craft guilds emerged in order to provide transferable skills through apprenticeship. They prospered for more than half a millennium because they sustained interregional specialized labor markets and contributed to technological invention by stimulating technical diffusion through migrant labor and by providing inventors with temporary monopoly rents. They played a leading role in preindustrial manufacture because their main competitor, rural putting out, was a net consumer rather than producer of technological innovation. They finally disappeared not through adaptive failure but because national states abolished them by decree.

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The Journal of Economic History , Volume 58 , Issue 3 , September 1998 , pp. 684 - 713
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Copyright © The Economic History Association 1998

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