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Author Graulau, Jeannette, author

Title The underground wealth of nations : on the capitalist origins of silver mining, A.D. 1150-1450 / Jeannette Graulau
Published New Haven : Yale University Press, [2019]
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Description 1 online resource (xvi, 373 pages)
Series Yale series in economic and financial history
Yale series in economic and financial history
Summary Silver mining was a capitalist business long before the supposed origin of modern capitalism. Hundreds of years before a sixteenth-century crisis in European agriculture led to the origins of capital, investment, and finance, the silver mining industry exhibited many of the features of modern capitalism. Silver mines were large-scale businesses that demanded large investments and steady cash flow, achieved by spreading that risk through fungible shares and creating legal structures to protect entrepreneurs from financial disaster. Jeannette Graulau argues that mining preceded agriculture as the first true capitalist enterprise of the modern world
Bibliography Includes bibliographical references and index
Notes Print version record
Subject Capitalism -- Europe -- History -- To 1500
Silver mines and mining -- Europe -- History -- To 1500
BUSINESS & ECONOMICS / Economic History
Capitalism.
Silver mines and mining.
Europe.
Genre/Form History.
Form Electronic book
ISBN 0300249578
9780300249576