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dc.contributor.author Kuran, T
dc.date.accessioned 2010-06-28T19:00:08Z
dc.date.issued 2003-06-01
dc.identifier.citation Journal of Economic History, 2003, 63 (2), pp. 414 - 446
dc.identifier.issn 0022-0507
dc.identifier.uri http://hdl.handle.net/10161/2599
dc.description.abstract During the second millennium, the Middle East's commerce with Western Europe fell increasingly under European domination. Two factors played critical roles. First, the Islamic inheritance system, by raising the costs of dissolving a partnership following a partner's death, kept Middle Eastern commercial enterprises small and ephemeral. Second, certain European inheritance systems facilitated large and durable partnerships by reducing the likelihood of premature dissolution. The upshot is that European enterprises grew larger than those of the Islamic world. Moreover, while ever larger enterprises propelled further organizational transformations in Europe, persistently small enterprises inhibited economic modernization in the Middle East.
dc.format.extent 414 - 446
dc.format.mimetype application/pdf
dc.language.iso en_US
dc.relation.ispartof Journal of Economic History
dc.relation.isversionof 10.1017/S0022050703001840
dc.title The Islamic commercial crisis: Institutional roots of economic underdevelopment in the Middle East
dc.type Journal Article
dc.department Economics
pubs.issue 2
pubs.organisational-group /Duke
pubs.organisational-group /Duke/Trinity College of Arts & Sciences
pubs.organisational-group /Duke/Trinity College of Arts & Sciences/Economics
pubs.organisational-group /Duke/Trinity College of Arts & Sciences/Political Science
pubs.publication-status Published
pubs.volume 63

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