The Ottoman Empire stood at a crossroads of intercontinental trade, stretching from the Balkans and the Black Sea region through the present day Middle East and most of the North African coast for six centuries up to World War I. The articles in this volume by a leading economic historian examine its economic institutions, the long term performance of the Ottoman economy and explore the reasons for the longevity of this large empire. Until recently, historiography had depicted an empire in decline after the 16th century. These articles argue, however, that the Ottoman state and society showed considerable ability to reorganize and adapt to changing circumstances through selective institutional change, well before the reforms of the nineteenth century. They also make the case that, until the 19th century, standards of living in many parts of the empire were not very different from those prevailing in most parts of continental Europe.