The Undevelopment of Capitalism - Sectors and Markets in Fifteenth-Century Tuscany

In The Undevelopment of Capitalism, Emigh argues that the expansion of the Florentine economic market in the fifteenth century helped to undo the development of markets of other economies-especially the rural economy of Tuscany. As this highly developed urban market penetrated rural regions, it actually erased rural market institutions that rural inhabitants had used to organize agricultural production and family life. Thus, an advanced economy at the time of the late Middle Ages and early Renaissance "undeveloped" over time.