IDEAS home Printed from https://ideas.repec.org/a/mhr/jinste/urnsici0932-4569(199909)1553_405ocietc_2.0.tx_2-v.html
   My bibliography  Save this article

On Custom in Economics: The Case of Humanism and Trade Regimes

Author

Listed:
  • Barbara Krug

Abstract

Ideas and beliefs can make a contribution to economic development. The case of Humanism and the Low Countries' sudden rise to prosperity prove the point. Humanism became of substantial economic value when it turned out that its norms and customs allowed the Dutch long-distance trader to find more, and more willing, trade partners in the East Indies. Both individual behaviour and the overall set of customs fitted better the existing trade regimes between the African East Coast and Japan. Non-discrimination on religious or racial grounds, voluntary excange, norms of hospitality and reciprocity sustained low transaction costs in long distance trade in and between the trade regimes. Yet, Humanism serves also as an example for showing that even after a specific set of norms has proved its usefulness, and even if scale economics can be expected, it can still collapse depending on sanctioning funds that are either missing or too weak.

Suggested Citation

  • Barbara Krug, 1999. "On Custom in Economics: The Case of Humanism and Trade Regimes," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 155(3), pages 405-405, September.
    • Handle: RePEc:mhr:jinste:urn:sici:0932-4569(199909)155:3_405:ocietc_2.0.tx_2-v
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Carolina Esguerra Roa, 2001. "Las instituciones Colombianas en el siglo XX de Salomón Kalmanovitz," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 3(5), pages 249-257, July-Dece.
    2. Enrico Colombatto, 2000. "On the concept of transition," ICER Working Papers 15-2000, ICER - International Centre for Economic Research.
    3. Krug, B. & Hendrischke, H., 2006. "Institution Building and Change in China," ERIM Report Series Research in Management ERS-2006-008-ORG, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam.
    4. Krug, B. & Belschak, F.D., 2001. "Combining Commerce and Culture," ERIM Report Series Research in Management ERS-2001-84-ORG, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam.

    More about this item

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • N43 - Economic History - - Government, War, Law, International Relations, and Regulation - - - Europe: Pre-1913
    • D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
    • Z10 - Other Special Topics - - Cultural Economics - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mhr:jinste:urn:sici:0932-4569(199909)155:3_405:ocietc_2.0.tx_2-v. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Thomas Wolpert (email available below). General contact details of provider: https://www.mohrsiebeck.com/jite .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.