Analyzes the guild system in Byzantium and the West. This book investigates the process of price formation in Byzantium. It also devises approaches to fathom the conceptual basis, institutional parameters, market organization and structures, and market dynamics which shaped price determination.
Preface; Guild Organizational Structure and Scope of Operations: The domain of private guilds in the Byzantine economy, 10th to 15th centuries; The guild system in Byzantium and medieval Western Europe. A comparative analysis of organizational structures, regulatory mechanisms, and behavioral patterns. The Guild System in Action: Organization, market structure, and modus operandi of the private silk industry in 10th-century Byzantium; The organizational setup and functioning of the fish market in 10th-century Constantinople. Price Formation and the Role of the State: Pricing of the factors or production in the Byzantine economy; Price formation in the Byzantine economy 10th to 15th centuries; Operationalization of the concept of just price in the Byzantine legal, economic and political system. Index.