The subject ofThe Wheels of Commerceis the development of mechanisms of exchangeshops, markets, trade networks, and bankingin the pre-industrial stages of capitalism.
Foreword
1 THE INSTRUMENTS OF EXCHANGE
Europe: the wheels of trade at the lowest level
Ordinary markets like those of today, Towns and
markets, Markets increase in number and become
specialized, Intervention by the towns, The
example of London, Some statistics, From
England to Europe, Markets and markets: the
labour market, Markets as watersheds, Beneath
the level of the market, Shops, Specialization
and hierarchies, How shops came to
rule the world, Some explanations of the boom in
shopkeeping, Pedlars, Peddling: an archaic
trade?
Europe: the wheels of trade at the highest level
Fairs: ancient instruments forever being re-tuned,
Fair-time, carnival-time, Development of the
fairs, Fairs and communications, The decline
of the fairs, Warehouses, depots, stores, granaries,
The Exchanges, The Amsterdam stock market,
London: a repeat performance, Paris:
is a visit really necessary?, Exchanges and paper
money.
The world outside Europe
Markets and shops: world-wide phenomena,
The variable area of the elementary market zones,
A world of pedlars or of wholesalers?, Indian
bankers, Few Exchanges but many fairs,
Europe versus the rest of the world?.
Concluding hypotheses
2 MARKETS AND THE ECONOMY
Merchants and trade circuits
Return journeys, Circuits and bills of exchange,
No closure, no deal, On the problems of
the return journey, Collaboration between merchants,
Networks, conquests, trading empires,
Armenians and Jews, The Portuguese in
Spanish America: 1580-1640, Conflicting networks
and networks in decline, Controlling
minorities.
Trading profits, supply and demandlƒz