Table of Contents Table of Contents Foreword Introduction 3 Note on Coinage, Weights, and Other Technical Terms 10Pt. 1 At the Origins of the Commercial Revolution I Commerce in the Byzantine Empire, the Muslim East, and the Catholic West 19Pt. 2 Markets, Merchants, Merchandise, and Means of Exchange Durgaing the Commercial Revolution II The Development of Markets 51III The Growth of the Merchant Class 87IV The Diversification of Merchandise 108V The Evolution of the Means of Exchange 143Pt. 3 Commercial Contracts and Commercial Investments VI Loans and the Problem of Interest 157VII The Contract of Exchange and Its Double Function 162VIII The Sea Loan and the Sea Exchange 168IX The Commenda Contract 174X Partnerships and Other Contracts Used in Land Trade 185XI Depositors, Factors, and Commission Agents 212XII Some Other Forms of Agreement 221XIII Informal Commercial Papers 229Pt. 4 The Route and the Thorns Along it XIV Transportation by Sea 239XV Transportation by Land 248XVI The Development of Insurance Contracts 255XVII Commercial Litigation and Sharp Business Practices 266XVIII Business Failures and their Settlement 290XIX International Disputes over Trade 303XX Legal Restrictions of Trade 327Pt. 5 Tools and Ideas XXI Manuals 341XXII The Progress of Accounting Methods 359XXIII Commercial Correspondence 378XXIV Moral Standards and Practical Advice 408 List of Works Cited 427 Bibliography 447 Index 461.

Aid for trade is a fixture in the development landscape, accounting for approximately 25 per cent of total ODA, and is being positioned as a building block in the future development agenda beyond the 2015 expiry of the Millennium Development Goals. In The Right to Trade , Nobel Prize-winning economist Joseph E Stiglitz and Andrew Charlton argue that aid for trade has not delivered on its initial promise. To create a genuinely pro-development trade liberalisation agenda, the authors propose that a right to trade and a right to development be enshrined within the WTOs dispute settlement system; and that aid for trade funds be consolidated into a coherent and predictable framework, where dedicated funds are committed by rich countries to a Global Trade Facility and dispersed through a transparent and competitive process. Together these proposals would help ensure that international trade works for developing countries and will help preserve a development-friendly multilateral trading system.