Abstract

The subject of this paper is about the economic background of the first universities in Europe. While there are different opinions about the first appearance of universities in the 12nd century, the economic background has not been discussed. In this respect, ideas about the emergence of universities are suggested that either Greco-Roman or Muslims’s eductional traditions are influenced. However, although not directly, some studies also related to an indirect relationship between the establishment of universities and the ‘Commercial Revolution’, which started in the 12th century. Since there is not enough focus on the subject being signaled, this study discusses the strong link between the emergence of universities and the Commercial Revolution. Therefore, the study covers the 12th and 15th centuries in which universities were built extensively. It is undoubtedly a new approach to establishing a link between economic developments and economic activities for the establishment of universities. Thus, with the results of the study, it will be possible to produce predictions about the new attitudes that today’s university institution will take. Therefore, a new idea is being produced for the establishment of universities, and a new claim is made. Historical cases and published economic series are used to address the issue. In this respect, the work is thanks to secondary resources. The focus is on economic reviews, correlations with economic activities in cities where universities are established, and legal requirements are established. At the end of the paper, it is revealed that the economic and legal demands that emerged with the Commercial Revolution are the most important factors in the establishment of universities.

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