Disembedding the Marketplace

Corey Tazzara

in The Free Port of Livorno and the Transformation of the Mediterranean World

Published in print October 2017 | ISBN: 9780198791584
Published online October 2017 | e-ISBN: 9780191833946 | DOI:
Disembedding the Marketplace

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  • Early Modern History (1500 to 1700)
  • Social and Cultural History


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Chapter 5 examines the creation of the classic free port, which taxed only for commercial services. The latter half of the seventeenth century inaugurated an age of conscious experimentation in economic policy. Amidst intensified commercial competition throughout the central Mediterranean, the Medici regime launched a panel of interventions aimed at improving the grand duchy’s economic position. For Livorno, this program culminated in the reform of 1676, which eliminated import/export duties and simplified collection procedures. This reform constituted an important moment in the development of commodity markets and secured Livorno’s role in brokering trade between northwestern Europe, Italy, and the Levant.

Keywords: commercial competition; mercantilism; commodity markets; free trade; policy process; Francesco Feroni

Chapter.  15047 words.  Illustrated.

Subjects: Early Modern History (1500 to 1700) ; Social and Cultural History

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