Trade guild

Definition and stakes

Frederick W. Hamilton,  A Brief History of Printing. Part II: The Economic History of Printing

“ Trade Guilds and the Coming of The New Industry The outstanding factor in the industrial, social, and economic life of the Middle Ages is the trade guild. The real life of any people is not the story of its wars or the record of the doings of its kings and nobles. It is the life of the people themselves. The moment we try to study this aspect of these old times we find that in the towns especially the life of the people centers around their trade guilds. The guild was an organization of all the workmen in any given trade. ”
Source: Gutenberg

Portrait of James Ramsay MacDonald James Ramsay MacDonald,  The Socialist Movement (1911)

“ The merchant guild had given place to the craft guild, qualification for membership in which consisted mainly in having served an apprenticeship to a craft or mystery. The function of the guild was to regulate the trade in the interest of the craftsmen. But all such organisations have an evolution. They arise to satisfy a need; they succeed; they decay through a period of abuse. ”
Source: Wikisource

Georges François Renard,  Guilds in the Middle Ages

“ The economic aim comes first in time and importance. The guild was first and foremost a fighting organization for the defence of the trade interests of those who belonged to it. It was jealous both of the welfare and of the honour of the craft—two things intimately connected; for it realized that good reputation is one of the conditions of good business. Naturally the first means to suggest itself for the attainment of this double ideal was the regulation of production and sale.
With regard to production, the guilds prided themselves on giving an official guarantee to the consumer.
”
Source: Gutenberg

Get perspective with Kwize: daily news enlightened by great literature