Commercial Revolution in the Central Eurasian Middle Ages

Tribute, Capital & Nomadic Aristocracy

Authors

  • Nicholas S. M. Matheou University of Edinburgh

DOI:

https://doi.org/10.5195/jwsr.2026.1364

Keywords:

Abu-Lughod, Capitalism, Central Asia, Afro-Eurasian world system, Capital Accumulation, Marxism, Mongol Empire, Nomads, Silk Road, Taxation

Abstract

Janet Abu-Lughod’s Before European Hegemony remains a landmark in both World-Systems Analysis and global medieval historiography. The claim that the height of Mongol Eurasian hegemony c.1250-1350 formed an inflection point in Afro-Eurasian integration remains compelling after more than thirty five years, but many of the theoretical and empirical details can be revised. Theoretically, the long thirteenth century identified by Abu-Lughod saw the final coalescence of a world-market in a pre-existing Afro-Eurasian world-system, rather than a novel world-system as she had argued. This world-market was formed by the secular trend towards the interregional integration of capital circuits, as Abu-Lughod described, and constituted an Afro-Eurasian Commercial Revolution. Nevertheless the world-market spanned a world-system constituted by tributary rather than capitalist regimes of accumulation, resulting in distinct dynamics and tendencies from those theorised for the modern capitalist world-economy. This argument is developed empirically through analysis of the Mongol world-empire, the definitive development in Abu-Lughod’s vision. Central Eurasian nomadism is presented as a variant type of tributary regime, which shaped the patterns and rhythms of the world-market at the height of commercialisation. Thus Abu-Lughod’s overall vision is renovated but reinforced, establishing new claims to be tested in future research, especially the long history of capital accumulation in the tributary regimes that constituted the medieval Afro-Eurasian world-system, both sedentary and nomadic.

References

Abu-Lughod, J. 1989. Before European Hegemony. Oxford.

Algaze, G. 1993. The Uruk World System. Chicago.

Allsen, T. 1987. Mongol Imperialism. Berkeley C.A.

_____. 1989. ‘Mongolian Princes and Their Merchant Partners, 1200-1260’, Asia Major, Vol. 2/2, 83-126.

_____. 2023. ‘Imperial Ideology’, in Michal Biran & Hodong Kim (eds.), Cambridge History of the Mongol Empire. Cambridge. 444-459.

Amin, S. 1976. Unequal Development. New York.

Arbel, B. 1993. ‘Slave Trade and Slave Labor in Frankish Cyprus (1191-1571)’, Studies in Medieval and Renaissance History, Vol. 14, 151-190.

Arrighi, G. 1994. The Long Twentieth Century. London & New York.

_____. 2007. Adam Smith in Beijing. London & New York.

‘Ala-ad-Din ‘Ata-Malik Juvaini. 1958. Genghis Khan. The History of the World Conqueror, J. A. Boyle (trans.). Manchester.

Atwood, C P. 2012. ‘Banner, Otog, Thousand: Appanage Communities as the Basic Unit of Traditional Mongolian Society’, Mongolian Studies, Vol. 34, 1-76.

_____. 2015. ‘The Administrative Origins of Mongolia’s “Tribal” Vocabulary’, Eurasia: Statum et Legem, Vol. 1/4, 7-43.

_____. 2023 (trans.), The Secret History of the Mongols. London.

Banaji, J. 2010. Theory as History. Leiden.

_____. 2016. ‘Merchant Capitalism, Peasant Households and Industrial Accumulation: Integration of a Model’, Journal of Agrarian Change, 16/3, 410-431.

_____. 2020. Commercial Capitalism: A Brief History. Chicago.

Barfield, T. 1989. The Perilous Frontier. Nomadic Empires and China, 221 BC to AD 1757. Cambridge M.A. & Oxford UK.

_____. 2023. Shadow Empires. Princeton N.J.

Barker, H. 2019. That Most Precious Merchandise: The Mediterranean Trade in Black Sea Slaves, 1260-1500. Philadelphia P.A.

Beaujard, P. 2019. The Worlds of the Indian Ocean, Vols. I-II. Cambridge.

Beckert, S. 2025 Capitalism: A Global History. London.

Beckwith, C I. 2009. Empires of the Silk Road. Princeton N.J.

_____. 2023. The Scythian Empire. Princeton N.J.

Belich, J. 2022. The World the Plague Made. Princeton N.J.

Bentley, J H. 1996. ‘Cross-Cultural Interaction and Periodization in World History’, American Historical Review, Vol. 101.

Biran, M. 2004. ‘The Mongol Transformation: From the Steppe to Eurasian Empire’, Medieval Encounters, Vol. 10, 339-361.

_____. 2015. ‘The Qarakhanids’ Eastern Exchange: Preliminary Notes on the Silk Roads in the Eleventh and Twelfth Centuries’, in Jan Bemman & Michael Schmauder (eds.), Complexity of Interaction along the Eurasian Steppe Zone in the First Millennium CE. Bonn.

_____. 2021.‘Forced Migrations and Slavery in the Mongol Empire (1206-1368)’, in Craig Perry (ed.), The Cambridge World History of Slavery. Cambridge. 76-99.

Birge, B. 2002. Women, Property, and Confucian Reaction in Sung and Yuan China (960-1368). Cambridge.

Blaut, J. 1992. The Colonizer’s Model of the World. Abingdon.

Bold, B. 2001. Mongolian Nomadic Society. A Reconstruction of the ‘Medieval’ History of Mongolia. Richmond.

Bondioli, L M. 2021. ‘Peasants, Merchants, and Caliphs: Capital and Empire in Fatimid Egypt’, unpublished PhD Thesis. Princeton.

_____. 2022. ‘Towards a Longer History of Commercial Capital’, Storica, 83-84, 177-194.

Bondioli, L M. 2023. ‘Islam, Merchants, and Capitalism’, Capitalism, 2, 259-307.

Braudel, F. 1986. Capitalism & Civilization Vol. III, The Perspective of the World. New York.

Cunliffe, B. 2015. By Steppe, Desert, and Ocean: The Birth of Eurasia. Oxford.

_____. 2019. Scythians: Nomad Warriors of the Steppe. Oxford.

Campbell, B M S. 2016. The Great Transition. Cambridge.

Chase-Dunn, C, & T Hall (eds.). 1991. Core/Periphery Relations in Precapitalist Worlds. Abingdon.

_____. Rise and Demise (Boulder, 1997).

Christian, D. 2000. ‘Silk Roads or Steppe Roads? The Silk Roads in World History’, Journal of World History, Vol. 11/1, 1-26.

Costa, M. 2025. Mother of Capital. London.

Da Pisa, R. 2004. The Travels of Marco Polo, Milton Rugoff (trans.). New York.

Daniel Rogers, J. 2019. ‘The Complexity of Nomadic Empires’, Social Evolution & History, Vol. 18/2, 148-165.

De Nicola, B. 2017. Women in Mongol Iran. Edinburgh.

De Roover, R. 1942. ‘The Commercial Revolution of the Thirteenth Century’, Bulletin of the Business Historical Society, 16/2, 34-39.

Di Cosmo, N. 1994. ‘Ancient Inner Asian Nomads: Their Economic Basis and Its Significance in Chinese History’, Journal of Asian Studies, Vol. 53/4, 1092-1126.

_____. 1999. ‘State Formation and Periodization in Inner Asian History’, Journal of World History, Vol. 10/1, 1-40.

_____. 2002. Ancient China and Its Enemies. The Rise of Nomadic Power in East Asian History .Cambridge.

_____. 2010. ‘Black Sea Emporia and the Mongol Empire: A Reassessment of the Pax Mongolica’, Journal of the Economic and Social History of the Orient, Vol. 53, 83-108.

Di Cosmo N & Pubblici, L. 2026. Venice and the Mongols: The Eurasian Exchange That Transformed the Medieval World. Princeton N.J.

_____. 2024. ‘Climate Variability and Medieval Nomadic Empires: Notes from Case Studies’, Medieval Worlds, No. 21, 32-50.

Dolidze, I. 1965. Monuments of Georgian Law, Vol. II: Secular Legislative Acts (X-XIX Centuries). Tbilisi.

Dudbridge, G. 2019. ‘Reworking the World System Paradigm’, Past & Present, 238 (Supplement 13), 296-316.

Duturaeva, D. 2022. Qarakhanid Roads to China. Leiden.

Elvin, M. 1973. The Pattern of the Chinese Past. Stanford.

Favereau, M. 2018. ‘The Mongol Peace and Global Medieval Eurasia’, Comparativ, Vol. 4. 49-70.

_____. 2021. The Horde. Cambridge M.A.

Frank, Andre Gunder. 1992. ‘The Centrality of Central Asia’, Bulletin of Concerned Asian Scholars, Vol. 24/2, 50-74.

_____. 1998. ReORIENT: Global Economy in the Asian Age. Berkeley & Los Angeles.

Franke, Herbert. 2006. ‘The Kitans’, in Denis Sinor (ed.), The Cambridge History of Early Inner Asia (Cambridge, 1990), 401-411.; & Noami Standen, Unbounded Loyalty: Frontier Crossing in Liao China. Honolulu.

Frankopan, Peter. 1996. The Silk Roads: A New History of the World (London, 2015).

Gills, Barry K. & Andre Gunder Frank (eds.), The World System: 500 Years or 5000?. London.

Golden, Peter B. 2003. ‘Imperial Ideology and the Sources of Political Unity Amongst the Pre-Chinggisid Nomads of Western Eurasia’, in Nomads and their Neighbours in the Russian Steppe, 37-76. Aldershot.

_____. 2006. ‘The Türk Imperial Tradition in the Pre-Chinggisid Era’, in David Sneath (ed.), Imperial Statecraft: Political Forms and Techniques of Governance in Inner Asa, 6th-20th Centuries. Washington.

Monica Green. 2020. ‘The Four Black Deaths’, The American Historical Review, Vol. 125/5, 1601-1631.

Green, Monica & Nahyan Fancy. 2024. ‘Plague history, Mongol history, and the processes of focalisation leading up to the Black Death: a response to Brack et al.’, Medical History. Vol. 68/4, 411-435.

Haldon, John. 1993. The State and the Tributary Mode of Production. London & New York.

Hall, Thomas. 1991. ‘The Role of Nomads in Core/Periphery Relations’, in Chase-Dunn & Hall (eds.), Core/Periphery Relations in Precapitalist Worlds. Abingdon.

Hansen, Valerie. 2012. The Silk Road: A New History. Oxford.

Harl, Kenneth W. 2023. Empires of the Steppes. Edinburgh.

Hilton, Rodney. 1985. Class Conflict and the Crisis of Feudalism. London.

Honeychurch, William. 2013. ‘The Nomad as State Builder: Historical Theory and Material Evidence from Mongolia’, Journal of World Prehistory, Vol. 26/4, 283-321.

_____. 2014. ‘Alternative Complexities: The Archaeology of Pastoral Nomadic States’, Journal of Archaeological Research, Vol. 22, 277-326.

_____. 2014. ‘From Steppe Roads to Silk Roads: Inner Asian Nomads and Early Interregional Exchange’, in Reuven Amitai & Michal Biran (eds.), Nomads as Agents of Cultural Change: The Mongols and Their Eurasian Predecessors, 50-87. Oxford.

Kalra, Prajakti. 2018. The Silk Road and the Political Economy of the Mongol Empire. Abingdon.

Karataşli, Şahan Savaş. 2024. ‘Ibn Khaldun’s Labor Theory of Value and the Question of Race: Revisiting the “Nondebates of the 1970s” through The Muqaddimah’, Journal of World-Systems Research, 30/1, 302-338.

Kearney, Milo. 2004. The Indian Ocean in World History. Abingdon.

Khazanov, Anatoly M. 1984. Nomads and the Outside World. Cambridge.

Kuroda, Akinobu. 2023. ‘Economic Exchange: Money, Markets, and Taxation in Mongol Eurasia’, in Michal Biran & Hodong Kim (eds.), The Cambridge History of the Mongol Empire, Vol. I, 488-524. Cambridge.

Laiou, Angeliki & Cécile Morrisson. 2007. The Byzantine Economy. Cambridge.

Lambton, Ann K. S.. 1986-1987 ‘Mongol Fiscal Administration in Persia’ & ‘Mongol Fiscal Administration in Persia (Part II), Studia Islamica, Vols. 64-65, 79-99 & 97-123.

Lhamsuren Munkh-Erdene. 2011. ‘Where Did the Mongol Empire Come from? Medieval Mongol Ideas of People, State and Empire’, Inner Asia, Vol. 13/2, 211-237.

_____. 2016. ‘Political Order in Pre-Modern Eurasia: Imperial Incorporation and the Hereditary Divisional System’, Journal of the Royal Asiatic Society, Vol. 26/4, 633-655;.

_____. 2018. ‘The Rise of the Chinggisid Dynasty: Pre-Modern Eurasian Political Order and Culture at a Glance’, International Journal of Asian Studies, Vol. 15/1, 39-84.

_____. 2022. The Taiji Government and the Rise of the Warrior State. Leiden.

_____. 2023. Nomadic Leviathan: A Critique of the Sinocentric Paradigm. Leiden.

Liu, Xinru. 2010. The Silk Road in World History. Oxford.

Lopez, Robert S.. 1971. The Commercial Revolution of the Middle Ages, 950-1350. Cambridge.

Marx, Karl, Marx & Engels. 2010. Collected Works, Vol. 37: Karl Marx - Capital, Vol. III. London.

May, Timothy. 2016. ‘Commercial Queens: Mongolian Khatuns and the Silk Road’, Journal of the Royal Asiatic Society, 26/1-2, 89-106.

_____. 2018. The Mongol Empire. Edinburgh.

Miller, Bryan K.. 2024. Xiongnu. The World’s First Nomadic Empire. Oxford.

Pommeranz, Kenneth. 2000. The Great Divergence. Princeton N.J.

Porphyrogenitus, Constantine. 1967. De Administrando Imperio, Gyula Moravcsik (ed.) & Romily Jenkins (trans.). Washington D.C.

Rashiduddin Fazlullah. 2012. Compendium of Chronicles. A History of the Mongols, William M. Thackston (trans.). London & New York.

Schurmann, Herbert. 1956. ‘Mongolian Tributary Practices of the Thirteenth Century’, Harvard Journal of Asiatic Studies, Vol. 19/3-4, 304-389.

John Masson Smith Jr. 1970. ‘Mongol and Nomadic Taxation’, Harvard Journal of Asiatic Studies, Vol. 30, 46-85.

Scott, James C. 1976. The Moral Economy of the Peasant. New Haven C.T.

Shultz, Daniel R. & Andre Costopoulos. 2019. ‘Modeling Environmental Variability and Network Formation Among Pastoral Nomadic Households: Implications for the Rise of the Mongol Empire’, PLoS ONE, Vol. 14/10.

Simon, Dieter R. & Diether R. Reinsch (eds.). 2023. Die Peira. Berlin.

Smith, Richard. 2015. ‘Trade and commerce across Afro-Eurasia’, in Benjamin Z. Kedar & Merry E. Wiesner-Hanks (eds.), The Cambridge World History, Vol. 5: Expanding Webs of Exchange and Conflict, 500CE-1500CE, 233-256. Cambridge.

Sneath, David. 2007. The Headless State. Aristocratic Orders, Kinship Society, and Misrepresentations of Nomadic Inner Asia. New York.

Spufford, Peter 1988. Money & its Use in Medieval Europe. Cambridge.

Standen, Naomi. 2005. ‘What Nomads Want: Raids, Invasions and the Liao Conquest of 947’, in Reuven Amitai & Michal Biran (eds.), Mongols, Turks, and Others: Eurasian Nomads and the Sedentary World, 129-174. Leiden.

Standen, Naomi & Monica White. 2018. ‘Structural Mobilities’, Past & Present, Supplement 13, 158-189.

Stearns, Peter. 2009. Globalization in World History. Abingdon.

Sümer, Faruk, Ahmet E. Uysal & Warren S. Walker (ed. & trans.). 1972 The Book of Dede Korkut. Austin TX.

Twitchett, Denis, & Klaus-Peter Tietze. 1994. ‘The Liao’, in Twitchett & Franke (eds.), The Cambridge History of China, Vol. 6: Alien Regimes & Border States, 907-1368, 43-153. Cambridge.

Vladimirtsov, Boris. 1948. Le régime social des Mongols: le féodalisme nomade, Michel Carsow (trans.). Paris.

Von Glahn, Richard. 2016. The Economic History of China. Cambridge.

_____. 2019. ‘The Rise of Commerce in Afro-Eurasia 900-1300’, in Bonnie G. Smith, Marc Van De Mieroop, Richard von Glahn & Kris Lane, World in the Making. A Global History. Oxford.

Vásáry, István. 2022. ‘Taxation in the Jochid Ulus’, in Timothy May & Michael Hope (eds.), The Mongol World, 473-475. Abingdon.

Wallerstein, Immanuel. 2006. World-Systems Analysis. Durham N.C.

_____. 2010. ‘Structural Crises’, New Left Review, 62, 133-42.

Chris Wickham. 2005. Framing the Early Middle Ages. Oxford.

_____. 2021. ‘How did the Feudal Economy Work? The Economic Logic of Medieval Societies’, Past & Present, 251/1, 3-40.

Wickham, Chris. 2023. The Donkey & the Boat. Oxford.

Wilkin, Shevan et al.. 2020. ‘Economic Diversification Supported the Growth of Mongolia Nomadic Empires’, Nature: Scientific Reports, Vol. 10.

David Wilkinson. 1996. ‘Civilizations, Cores, World Economies, and Oikumenes’, in Frank & Gills (eds.), The World System, 221-446. Abingdon.

Wittfogel, Karl A., & Feng Chia-Sheng. 1949. The History of Chinese Society: Liao, 907-1125. Philadelphia P.A.

Wolf, Eric. 1982. Europe and the People Without History. Berkley & Los Angeles.

Yue, Chao. 2021. ‘Research on the Export Porcelain Pattern of Changsha Kiln in the Belitung Shipwreck’, Advances in Social Science, Education and Humanities Research, Vol. 559, 227-230.

Zarakol, Ayşe. 2023. Before the West. Cambridge.

Downloads

Published

2026-09-02

How to Cite

Matheou, N. S. M. (2026). Commercial Revolution in the Central Eurasian Middle Ages: Tribute, Capital & Nomadic Aristocracy. Journal of World-Systems Research, 32(2), 534–570. https://doi.org/10.5195/jwsr.2026.1364

Issue

Section

Research Articles