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Asymmetrical Trade in the Feudal System and in the Early Transition to Capitalism
Historical research has analyzed unequal exchange using two fundamental models: the ‘circulationist’ model, espoused by Wallerstein and Braudel, attributes development and under-development to the transfer of value from peripheral to central areas through unequivalent exchange. The endogenous model, by contrast, denies the influence of commerce in capitalist evolution.  In the present article, taking a limited region, Castile, I will analyze commerce in feudalism and during the early transition to capitalism, particularly commodity value, and the relation between exchange and socio-economic reproduction. The goal is to redefine the character of asymmetric exchange, if only in a condensed form. 
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