Lordship as Enterprise. Neoinstitutionalism and Social Relations in Feudalism

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Fermín Arocena

Abstract

This work aims to critically reconstruct the conceptualization formulated by neoinstitutionalist historiography regarding lordship, in particular, and feudal social relations, in general. Through a reading of leading authors in New Institutional Economics, this study examine how the analytical categories used reflect the fundamental theoretical assumptions of neoclassical economics. It is argued that this approach tends to dehistoricize seigneural system by conceiving it as a contingent form of economic organization aimed at solving efficiency problems, thus subsuming coercion, feudal rent, and relations of domination to a cost-benefit approach. Consequently, the social relations inherent in feudalism appear reduced to mechanisms of allocating resources, while the historical and social content of feudal exploitation is marginalized in the analysis. In response, it is proposed to recover a conceptualization of lordship centered on the social relations of production, rather than on an individual cost-benefit analysis.

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