The Governance of Early Modern Trade: The Case of Hans Thijs, 1556-1611

In this article the organization of early modern trade is analyzed through a case study of the business of Hans Thijs, an Antwerp merchant who worked in Danzig and Amsterdam in the late sixteenth and early seventeenth century. His career demonstrates how early modern merchants combined markets, personal relations, and firms to govern their transactions. The complementary relationships among these institutions helped to minimize information and enforcement costs. A comparison of Hans Thijs' business organization in Danzig (1585-1595) and in Amsterdam (1595-1611) shows that trade was governed more efficiently in markets of greater scale and scope.