The Circulation of Men and Credit: The Role of the Commenda and the Family Firm in Julfan Society

Author: Aslanian, Sebouh1

Source: Journal of the Economic and Social History of the Orient, Volume 50, Numbers 2-3, 2007 , pp. 124-170(47)

Publisher: BRILL

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Abstract:

This essay explores the role of a partnership arrangement known as the commenda in Julfan trade during the seventeenth and eighteenth centuries by situating it within the context of the "family firm," the basic organizational unit of Julfan commerce. It studies the legal and commercial role of the commenda in Julfan trade and argues that, in the Julfan context as in the context of medieval European and Near Eastern trade, the commenda provided the ideal means for the circulation of merchants, goods, and credit across vast distances.

Keywords: COMMENDA; JULFA; ARMENIAN MERCHANTS; INDIAN OCEAN; FAMILY FIRM

Document Type: Research article

DOI: 10.1163/156852007781787378

Affiliations: 1: Columbia University

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