The Economy of Obligation

The Economy of Obligation

The Culture of Credit and Social Relations in Early Modern England

by Craig Muldrew

453 pages· 1998· ISBN 9780312215651
About
In an excellent work of scholarship, Craig Muldrew seeks to redefine the early modern English economy by rejecting the concept of capitalism. Muldrew argues that actual money was used only in a limited number of exchanges, and that credit in terms of a "cultural currency" of trust based on household reputation was used to transact most business, until the late 16th century.

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