The book deals with the characters and evolution of the European economy from the high Middle Ages until the start of modern growth in the 19th century. Europe is always set in a global context and the European specific features are analysed on the background of the world economy. The main aim of the book is to present a clear picture of the structure and organisation of the European pre-modern economy, specifying its features, institutions, constraints and differences with other traditional coeval economies. The path followed starts from the demographic characters, the techniques, the sectors (agriculture, trade, industry), the output, and continues with the demand side (consumption, investment, public expense). The last chapter recalls the main features of the pre-modern economy in a more formal way. The book is the only available work dealing with the formation of the European economy and its features over the long term, that is from the 10th until the 19th century. |