Construct · 1 fields · 1 citations

community responsibility system: a standalone construct

One name. One construct. A landmark on the map.

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Economic history

a medieval arrangement in which a whole community was held liable for the debts of any member, making trade between strangers possible.

In economic history, community responsibility system refers to a medieval arrangement in which a whole community was held liable for the debts of any member, making trade between strangers possible. This meaning comes from Greif (2002) in Journal of Institutional and Theoretical Economics.[1]

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Nearby constructs

arrangement3 fields · 6 citationsjingle · one word, three constructs community5 fields · 7 citationsjingle · one word, five constructs

References

Greif, A. (2002). Institutions and Impersonal Exchange: From Communal to Individual Responsibility. Journal of Institutional and Theoretical Economics, 158(1), 168-204. https://doi.org/10.1628/0932456022975538

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