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The Function of Commercial Centers in the Modernization of European Capitalism: Amsterdam as an Information Exchange in the Seventeenth Century

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  • Smith, Woodruff D.

Abstract

During Amsterdam's development as the commercial center of Europe in the seventeenth century, an informal “information exchange” appeared among the economic and political institutions of the city. Informational economies of the types discussed by Stigler, North, and Pred led to the emergence of Amsterdam as the focal point of information flows throughout Europe. They also encouraged a high level of innovation within all functional areas of Amsterdam's information exchange—especially in long-term data analysis—which contributed to the general modernization of capitalism.

Suggested Citation

  • Smith, Woodruff D., 1984. "The Function of Commercial Centers in the Modernization of European Capitalism: Amsterdam as an Information Exchange in the Seventeenth Century," The Journal of Economic History, Cambridge University Press, vol. 44(4), pages 985-1005, December.
    • Handle: RePEc:cup:jechis:v:44:y:1984:i:04:p:985-1005_03
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    Cited by:

    1. Christopher May, 2002. "Trouble in E-topia: Knowledge as Intellectual Property," Urban Studies, Urban Studies Journal Limited, vol. 39(5-6), pages 1037-1049, May.
    2. George Grantham, 2010. "What'S Space Got To Do With It? Distance And Agricultural Productivity Before The Railway Age," Departmental Working Papers 2010-04, McGill University, Department of Economics.
    3. Simon, Curtis J., 1998. "Human Capital and Metropolitan Employment Growth," Journal of Urban Economics, Elsevier, vol. 43(2), pages 223-243, March.
    4. Day Christian C., 2004. "Is There a Tulip in Your Future?: Ruminations on Tulip Mania," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 14(2), pages 1-22, December.
    5. Simon, Curtis J. & Nardinelli, Clark, 2002. "Human capital and the rise of American cities, 1900-1990," Regional Science and Urban Economics, Elsevier, vol. 32(1), pages 59-96, January.
    6. Wouter Jacobs, 2014. "Rotterdam and Amsterdam as Trading Places? In Search of the Economic-Geographical Nexus between Global Commodity Chains and World Cities," Tijdschrift voor Economische en Sociale Geografie, Royal Dutch Geographical Society KNAG, vol. 105(4), pages 483-491, September.
    7. Martin Korpi, 2008. "Does size of local labour markets affect wage inequality? a rank-size rule of income distribution," Journal of Economic Geography, Oxford University Press, vol. 8(2), pages 211-237, March.

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