Are modern guilds the same as the Medieval institution?

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In the Western world today the term guild is used for certain associations that have little connection with the medieval institution. Some of the great professional associations (e.g., in medicine and law) fulfill some of the functions of the old guilds but are rarely given that name.

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Similar questions: How do modern professional associations approximate ancient guilds? What are some examples of modern professional associations? [ Hide these questions ]

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