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This collection of essays forms an excellent Festschrift for Professor John Hatcher, whose eclectic range of research is displayed by the volume’s division into three parts: the first explores the medieval demographic system; the second charts the changing relationship between lords and peasants; and the third highlights the fortunes of trade and industry after the Black Death.

In the wake of Douglass North’s theories on institutions and economic growth, the last two decades have seen various kinds of medieval and early modern institutions increasingly regarded as factors aiding in, rather than obstructing, the transformative processes that eventually led to modern industrial capitalism in the 19th century.

''Five million barrels of porter'' (p. 140)