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Full-Text Articles in History
What Did Unions Do In Nineteenth-Century Britain?, George R. Boyer
What Did Unions Do In Nineteenth-Century Britain?, George R. Boyer
George R. Boyer
The article examines the development of the insurance function of trade unions. It analyzes how such policies worked, and why union benefit packages differed across occupations. It also addresses the impact of insurance policies on union organization. Insurance benefits increased the ability of unions to attract and retain members. They did not, however, significantly increase the power of union leaders relative to employers or union rank and file.
The Prudent Village: Risk Pooling Institutions In Medieval English Agriculture, Gary Richardson
The Prudent Village: Risk Pooling Institutions In Medieval English Agriculture, Gary Richardson
Gary Richardson
The prudent peasant mitigated the risk of crop failures by scattering his arable land throughout his village, Deirdre McCloskey argued, because alternative risksharing institutions did not exist. But, alternatives did exist, this essay concludes. Medieval English peasants formed two types of farmers’ cooperatives. Fraternities protected members from the perils of everyday life. Customary poor laws redistributed resources towards villagers beset by bad luck. In both institutions, the expectation of reciprocation motivated farmers with surpluses to aid neighbors with shortages.