One way of reading Adam Smith's Wealth of Nations is as a railing against the way in which the remnants of the medieval economy restricted both economic freedom and economic growth. True, it's not the ...

In his native England, James Pearce says, the guilds are everywhere. Drawing on a practice that dates back to medieval times, a guild is a group of craftspeople or merchants who've banded together ...

One of the ways, a true and correct method too, of reading Adam Smith's Wealth of Nations is as a complaint against the medieval economy of guilds. There's more to it than just that of course but he ...

For many people, the word “guild” evokes medieval trade guilds — associations of masters and apprentices practicing a common craft and protecting their common interests. With the support of a $250,000 ...