The Economics of Feudalism

The Economics of Feudalism is a 1971 book that uses economic analysis to study a historical society, including empire and feudal economies. It argues that the feudal system is an efficient exploitation instrument for the political dominant class of landlords, with terms of trade turning against towns and in favor of the countryside.

Format: Hardback
Length: 148 pages
Publication date: 21 March 2023
Publisher: Taylor & Francis Ltd

The Economics of Feudalism, originally published in 1971, is a groundbreaking work that employs the mathematical framework of economic analysis to examine a historical society. In addition to expanding the realm of economic theory to encompass demographic and political factors, the book delves into a comprehensive analysis of empire and feudal economies, offering intriguing speculations about their interrelationships. The author conducts rigorous empirical tests on the foundations and asymptotic properties of the feudal economy, drawing from data spanning Europe from A.D. 1000 to 1500.

The author presents four central theses in this text. Firstly, the author observes that a static agricultural sector and capital accumulation in towns lead to a decline in the urban population. Secondly, the feudal organizational method proves to be an effective tool for the political dominance of landlords, resulting in terms of trade that favor the countryside over towns. Thirdly, when urban wages fall more rapidly than rural wages until they become equal, the feudal system loses its relevance for landowners. Lastly, the book holds significant appeal to students of history, economics, and agriculture, offering valuable insights into the complex dynamics of feudal societies and their economic implications.

Weight: 430g
Dimension: 234 x 156 (mm)
ISBN-13: 9781032442099