The Organization of Exchange in Early Christian Ireland

Abstract

The major contrast between preindustrial and modern economies is that the latter enjoy regular and rapid growth, whereas income per capita tends to stagnate in the former. Analysis of the organization of exchange in early Christian Ireland shows that the exchange and therefore the production of material wealth was so thoroughly integrated into securing and exercising power, as well as into establishing and maintaining family and social ties, that any improvements in technology which might have led to economic growth would inevitably have generated prohibitive social costs.