Money Commerce And Economics In Late Medieval English Literature

This is the first collection of essays dedicated to the topics of money and economics in the English literature of the late Middle Ages. These essays explore ways that late medieval economic thought informs contemporary English texts and apply modern modes of economic analysis to medieval literature. In so doing, they read the importance and influence of historical records of practices as aids to contextualizing these texts. They also apply recent modes of economic history as a means to understand the questions the texts ask about economics, trade, and money. Collectively, these papers argue that both medieval and modern economic thought are key to valuable historical contextualization of medieval literary texts, but that this criticism can be advanced only if we also recognize the specificity of the economic and social conditions of late-medieval England.

Exploring debt's permutations in Middle English texts, Anne Schuurman makes the bold claim that the capitalist spirit has its roots in Christian penitential theology. Her argument challenges the longstanding belief that faith and theological doctrine in the Middle Ages were inimical to the development of market economies, showing that the same idea of debt is in fact intrinsic to both. The double penitential-financial meaning of debt, and the spiritual paradoxes it creates, is a linchpin of scholastic and vernacular theology, and of the imaginative literature of late medieval England. Focusing on the doubleness of debt, this book traces the dynamic by which the Christian ascetic ideal, in its rejection of material profit and wealth acquisition, ends up producing precisely what it condemns. This title is part of the Flip it Open Programme and may also be available Open Access. Check our website Cambridge Core for details.

The volume explores late medieval market mechanisms and associated institutional, fiscal and monetary, organizational, decision-making, legal and ethical issues, as well as selected aspects of production, consumption and market integration. The essays span a variety of local, regional, and long-distance markets and networks.

The eleven articles in this volume examine controversial subjects of central importance to medieval economic historians. Topics include the relative roles played by money and credit in financing the economy, whether credit could compensate for shortages of coin, and whether it could counteract the devastating mortality of the Black Death. Drawing on a detailed analysis of the Statute Merchant and Staple records, the articles chart the chronological and geographical changes in the economy from the late-thirteenth to the early-sixteenth centuries. This period started with the triumph of English merchants over alien exporters in the early 1300s, and concluded in the early 1500s with cloth exports overtaking wool in value. The articles assess how these changes came about, as well as the degree to which both political and economic forces altered the pattern of regional wealth and enterprise in ways which saw the northern towns decline, and London rise to be the undisputed financial as well as the political capital of England.

The sixteen articles in this collection analyse the contribution made by overseas trade, and the wealth in coin which it created, to the development of the English economy and locate this in an European-wide setting. In time, they range from the late Anglo-Saxon period up to the advent of the Tudors. The papers include general surveys of the importance of coinage and credit in the rise and decline of a market economy, and of the way that credit functioned in a society that lacked reliable supplies of bullion and which was also subject to the scourges of warfare and devastating disease. They illustrate, too, how from the tenth century the English crown used its control and exploitation of the coinage as part of a sophisticated fiscal system which helped create the precocious power of the English state. The author further shows how the wool trade altered the geographical pattern of wealth and enriched peasants, landowners and merchants, while the competing interests involved in the trade also cause political conflicts in Parliament and in the government of London during the period when London was establishing itself as the political capital and the financial centre of the kingdom.

This book charts the contributions made to the development of the late medieval English economy by enterprise, money, and credit in a period which saw its major export trade in wool, which earned most of its money-supply, suffer from prolonged periods of warfare, high taxation, adverse weather, and mortality of sheep. Consequently, the economy suffered from severe shortages of coin, as well as from internal political conflicts, before the plague of 1348-9 halved the population. The book examines from the Statute Merchant certificates of debt, the extent to which credit, which normally reflects economic activity, was affected by these events, and the extent to which London, and the leading counties were affected differently by them. The analysis covers the entire kingdom, decade by decade, and thereby contributes to the controversy whether over-population or shortage of coin most inhibited its development.

The Gender of Money in Middle English Literature: Value and Economy in Late Medieval England explores the vital and under-examined role that gender plays in the conceptualization of money and value in a period that precedes and shapes what we now recognize as the discipline of political economy. Through readings of a range of late Middle English texts, this book demonstrates the ways in which gender ideology provided a vocabulary for articulating fears and fantasies about money and value in the late Middle Ages. These ideas inform beliefs about money and value in the West, particularly in realms that are often seen as outside the sphere of economy, such as friendship, love and poetry. Exploring the gender of money helps us to better understand late medieval notions of economy, and to recognize the ways in which gender ideology continues to haunt our understanding of money and value, albeit often in occluded ways.

One of the first volumes to explore the intersection of economics, morality, and culture, this collection analyzes the role of the developing monetary economy in Western Europe from the twelfth to the seventeenth century. The contributors”scholars from the fields of history, literature, art history and musicology”investigate how money infiltrated every aspect of everyday life, modified notions of social identity, and encouraged debates about ethical uses of wealth. These essays investigate how the new symbolic system of money restructured religious practices, familial routines, sexual activities, gender roles, urban space, and the production of literature and art. They explore the complex ethical and theological discussions which developed because the role of money in everyday life and the accumulation of wealth seemed to contradict Christian ideals of poverty and charity, revealing a rich web of reactions to the tensions inherent in a predominately Christian, (neo)capitalist culture. Money, Morality, and Culture in Late Medieval and Early Modern Europe presents a comprehensive, multi-disciplinary assessment of the ways in which the rise of the monetary economy fundamentally affected morality and culture in Western Europe.