Negotiating Community Values: The Franklin County Agricultural Society Premium Lists, 1844-1889

The creation of agricultural fairs was originally intended as a way to achieve agricultural and economic reform. Once they took shape, however, the meaning and impact of the fairs was shaped as much or more by those who attended the fairs as it was by the organizers

What Lessons for Economic Development Can We Draw from the Champagne Fairs?

The medieval Champagne fairs are widely used to draw lessons about the institutional basis for long-distance impersonal exchange. This paper re-examines the causes of the outstanding success of the Champagne fairs in mediating international trade, the timing and causes of the fairs’ decline, and the institutions for securing property rights and enforcing contracts at the fairs. It finds that contract enforcement at the fairs did not take the form of private-order or corporative mechanisms, but was provided by public institutions. More generally, the success and decline of the Champagne fairs depended crucially on the policies adopted by the public authorities.legal system, medieval Europe, trade, private-order institutions, community responsibility system

Why did modern trade fairs appear?

According to our interpretation, modern trade fairs started in Europe during the First World War and in its immediate aftermath. With the closing of trade movements during the war, many cities had to resort to the old medieval tradition of providing especial permits to traders to guarantee them personal protection during their trade meetings. During the tough post war crisis many more cities –typically industrial districts- discovered in the creation of trade fairs a powerful competitive tool to attract market transactions. We compare these developments with the remote origins of fairs, as, in both cases, trade fair development is a reaction to the closing of free markets under the pressure of political violence.Trade fairs, modern trade fairs, markets, industrial districts, international trade, First World War

Parsimonious numerical modelling of deep geothermal reservoirs

Numerical modelling has been undertaken to help improve understanding of a deep geothermal system being considered for development in the vicinity of Eastgate (Weardale, County Durham, UK). A parsimonious numerical modelling approach is used, which allows the possibility to develop a workable formal framework, rigorously testing evolving concepts against data as they become available. The approach used and results presented in this study are valuable as a contribution to a wider understanding of deep geothermal systems. This modelling approach is novel in that it utilises the mass transport code MT3DMS as a surrogate representation for heat transport in mid-enthalpy geothermal systems. A three-dimensional heat transport model was built, based on a relatively simple conceptual model. Results of simulation runs of a geothermal production scenario have positive implications for a working geothermal system at Eastgate. The Eastgate Geothermal Field has significant exploitation potential for combined heat and power purposes; it is anticipated that this site could support several tens of megawatts of heat production for direct use and many megawatts of electrical power using a binary power plant

The New Zealand Osteopathic Profession’s Understanding of Continuing Professional Development

Continuing professional development (CPD) is commonly accepted as the process for improving the competency, and enhancing the knowledge, skills and attitudes (KSA’s) of health professionals. Within the last few decades CPD has become an expected requirement of maintaining the right or licence to continue practice. The aim of this research was to investigate the beliefs and understanding of the New Zealand osteopathic profession in relation to CPD; how they decided what CPD to undertake, what they saw as the perceived benefit of completing CPD, and whether they had any barriers accessing CPD. A survey was sent to all 632 registered osteopaths in New Zealand. The survey asked questions about CPD and also gathered general and professional demographic information. The survey was completed by 48% (n=303) of all registered osteopaths, 67% (n=203) of whom held an annual practicing certificate. Findings demonstrated that over 82% (n=234) of respondents completed CPD because it was a requirement of recertification, but 90% (n=256) also felt motivated to complete CPD because it assisted with clinical practice and improving their knowledge, skills and attitudes. Just over half of respondents 52% (n=139) stated they chose CPD based on their clinical focus and particular interests. Practitioners believed theoretical and practical skills and communication skills improved following CPD completion. Barriers to CPD were time (n=212, 71%), cost (n=170, 59%), availability (n=213, 74%), and maintaining a work life balance (n=210, 73%). For 73% (n=191) of respondents, attendance at conferences was the preferred CPD activity, with a further 32% (n=84) preferring informal peer contact and attendance at peer group meetings being very favoured by 37% (n=97). Blogging was the least favoured CPD activity, with 92% (n=240) indicating they did not prefer this as a CPD activity. Male respondents work longer hours in a clinicalsetting, when compared to females, and spent more money on CPD than the female respondents. Findings from this study have shown that osteopaths engaged with CPD for both legislative requirements and also personal reasons. Barriers to CPD include time, cost, availability and work-life balance. This seems to be magnified for female respondents

Internet career fairs in Australian higher education

[Abstract]: Internet Career Fairs have become a feature of the Australian graduate employment recruitment market. Internet Career Fairs offer considerable benefits in terms of resources and marketing by employers. They also offer an additional form of access to employment information that is used by students to explore their graduate employment opportunities. With the advent of Web.2 technology and sophisticated platforms such as Second Life, there is far greater potential to expand the interactivity and appeal of internet Career Fairs. In context of a description of the broader use of internet technology used for the delivery of career development services in Australia and its universities, this briefly paper describes the first 3-dimensional internet Career Fair established on the Second Life platform by an Australian university Career Service

The Changing Fortunes of Fairs in Medieval and Early Modern Europe: Warfare, Transaction Costs, and the 'New Institutional Economics'

This paper revisits, modifies, and combines elements of three major 'institutional' international-trade models, none of which has yet fully received the attention that it deserves, to provide a new explanation for the growth, decline, and then rebirth of internationally-oriented fairs in the European economy, serving financial as well as commercial functions, from the 12th to late 16th centuries. The three distinguished models that provided the major inspiration for this paper are, in the chronological order of their publication: (1) the Van der Wee thesis (1970) on the macro-economic impact of the major shifts, first, from continental, overland- trade to maritime-based routes, and then back to continental-overland trade routes, over this same four-century era; (2) the North-Milgrom-Weingast 'institutional' model (1990) on the role of law-merchant courts and judges in reducing incentives to cheat or renege on contracts in fair-oriented trade amongst 'unacquainted' participants (i.e. in the Champagne Fairs), and thus in reducing transaction costs in international trade; and (3) the Epstein model (1994) on the various ways in which the later-medieval regional fairs further reduced transaction costs in commerce (even if his model implicitly contradicts elements of my own favoured Van der Wee model). The central theses of this paper are that: (1) the changing intensities, scope, and nature of late-medieval and early modern-warfare played the decisive role in determining the fate of international fairs: (a) in that the consequences of such warfare fatally undermined the economic viability of the earlier medieval fairs (English, French), by raising to a prohibitive level the transportation and other transaction costs involved in overland- continental trade, and more particularly in the mass-market trade in cheap, light textiles, on which these fairs had fundamentally depended; and thus conversely (b) that a restoration of relative security combined with other factors that reduced both transportation and transaction costs led (in accordance with the Van der Wee model) to a revival of continental, overland-trade, to a revival and even more dramatic growth in international trade in cheap textiles, and to a rebirth and renewed pre-eminence of international fairs in early modern European commerce; and (2) that the financial role of fairs was as important as their commercial role; and thus that another major factor in the pre-eminence of early-modern international fairs were financial innovations that led to full negotiability of both private and public forms of credit -- especially the rentes, innovations developing chiefly out of fair-based law merchant courts (thus leading us back to the North- Milgrom-Weingast model). The chief criticisms of these models, or parts of them, lie in their inadequate or wrongly formulated explanations for the decline of the Champagne and English fairs, either by adducing incorrect arguments (North-Milgrom-Weingast) and/or by neglecting the very major adverse consequences of the spreading stain of chronic, debilitating, and ever so disruptive European and Mediterranean-wide warfare from the 1290s -- and not from the Hundred Years' War era, consequences that also fatally undermined the international trade in, and thus the production of, the cheap light textiles, over the next two centuries. Such analysis is extended to criticize other favoured models to explain the decline and fall of the Champagne Fairs: the De Roover 'commercial revolution' thesis on Italian branch-plant firms with their use of bills-of-exchange; the Bautier-Verlinden model on the 'industrialization of 14th century Italy'; and the most favoured one of all -- the establishment of the Italian galley route, the direct sea-route, to NW Europe. One merely has to point out the dramatic impact of the revival of overland, continental trade routes and of so many international, fairs from the 15th century, to see why these three latter theories lack credibility in explaining a general commercial- financial phenomenon on the supposed 'decline of fairs' in the international economy.

The spatial economy of North American trade fairs

The version of record [Bathelt, H., & Spigel, B. (2012). The spatial economy of North American trade fairs. The Canadian Geographer/Le Geographe Canadien, 56(1), 18-38.] is available online at: http://onlinelibrary.wiley.com/doi/10.1111/j.1541-0064.2011.00396.x/fullThrough a study of trade fairs, this article illustrates that relational approaches to economic geography are not limited to the sphere of economic and social relationships. These relationships are influenced by and, in turn, shape material realities, such as specific infrastructure and the labour market, in a reflexive manner. Trade fairs are “relational events” that bring together regional, national, and often international producers, users, suppliers, and other agents of a value chain or technology field for the purpose of exchanging knowledge about technological and market developments, building partnerships, and maintaining existing networks through learning by interaction and observation. However, these events are also situated in space and time, grounded in the contexts of particular industries, trade patterns, public and private investments, as well as the economic geographies of places. Focusing on North America, this article presents and analyzes data on the economic geography of trade fairs and their regional economic impact (number of events, exhibitors, attendees, exhibition space). It explores regional trade fair patterns and dynamic changes in major trade fair cities by emphasizing the role of history and industry context

Una fiera senza luogo. Was Bisenzone an offshore capital market in sixteenth-century Italy?

This paper discusses how Genoese bankers collected money at exchange fairs. This money was then lent to the King of Spain - through the asientos - from the mid-sixteenth to the early seventeenth centuries. Genoese bankers raised capital at the exchange fairs , which were typical short-term credit mechanism, where foreign bills of exchange were discounted over a three-month period. The Genoese funded long-term obligations by means of short term loans which meant they were able to enforce payment to the King and at the same time successfully manage the supply of finance from a large number of easily substitutable markets, located in different states. The Bisenzone fair of exchange was the forerunner to an efficient, widely integrated international capital market where Genoese pre-eminence was firmly established and which the Genoese kept firmly under their control. The success of the Bisenzone fairs of exchange directly challenges the theory which suggests that the laws against usury restrained the development of capital markets in early modern Italy.Financial markets, market integration, financial institutions

Are Science Fairs Still Beneficial for K-12 Students?

Science fairs have evolved drastically overtime, and I wanted to determine if science fairs were still beneficial for students. If science fairs are still beneficial for students, under what conditions are science fairs the most beneficial