The Burgundian Estates' Bond Market: Clienteles and Intermediaries, 1660-1790

Abstract

Much of the literature on the development of credit markets mirrors a larger sociological perspective regarding the rise of modem markets, institutions and political structures. This body of literature presents traditional structures, (for example the moral economy of the peasant household), and modem structures (in this case market dependent families) as polar opposites and then searches for the structural shift from the traditional to the modem. In recent years, however, a number of scholars have been arguing that institutions can evolve gradually in response to changes in the economic and political environment.

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