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PM Guilds Questions

PM Guilds Questions

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Published by Katherine Sauer

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Categories:Types, School Work
Published by: Katherine Sauer on Jun 26, 2012
Copyright:Attribution Non-commercial

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05/13/2014

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 Economics
 – 
Dr. Katie Sauer 
What a 16
th
Century Guild Teaches Us About Competition
 NPR’s Planet Money
3/27/2012http://www.npr.org/blogs/money/2012/03/27/149484066/the-tuesday-podcast-what-a-16th-century-guild-teaches-us-about-competition After listening to the podcast, answer the following questions.1. Toward the end of the 1500s in the Black Forest in Germany, craftsmen began weaving worstedfabrics. What was their concern?2. We know that reducing competition can result in less innovation. Was that the case with the guild?Explain.3. Twice a year the guild members met. Two main activities occurred at their meetings. Explain.4. What was the rationale for paying yarn spinners the same rate? What were some of the results of this
 policy? Why wasn’t this policy adjusted?
 

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