1. On Penty's Guild Alternative
... as the U.S. military): "In the higher ranks these circumstances [lead] to those jealousies and feuds by which all large organizations are distracted. In the lower ones it [leads] to apathy and indifference." His second major attack is on the notion of the competitive price. It is this section which is most fundamental to his thesis, and which at the same time will be the hardest ... to swallow for the modern reader. He explains the medieval notion of the Just Price, and how the entire guild system, the very center of the medieval economic order, was constructed ... around the maintenan...
- Word Count: 2093
- Approx Pages: 8
- Grade Level: Undergraduate