- Format: Hardcover
- ISBN: 978-0-7190-5039-8
- Pages: 352
- Publisher: Manchester University Press
- Price: £75.00
- Published Date: May 2012
- BIC Category: Humanities / Early history: c 500 to c 1450/1500, Economics, finance, business & management / Economics, HISTORY / Medieval, History
- Series: Manchester Medieval Studies
The importance of money as one of the key variables in the workings of the medieval economy is often overlooked. This new study first provides the reader with a background to the problems of modelling the medieval economy and the value of the Fisher equation of exchange to monetary historians, to the pratical processes of strking coins from silver and gold acquired through foreign trade and to the importance of royal control over mints and exchanges. These theories are then used to analyse how money worked within the economy of the early, central and late middle ages with fluctuations in the size of the circulating medium and the availability of credit acting as either a brake on or a stimulus to economic expansion. A full money economy did not emerge until c. 1300 but its existence and flexibility helped the economy survive the severe shocks of the late middle ages.
J.L. (Jim) Bolton is a Professorial Research Fellow in the School of History, Queen Mary, University of London.
Part one: Theories and problems
1. Modelling the medieval economy: the equation of exchange
2. Money and the money economy
3. Coinage and the bullion supply
Part two: The coinage and the economy, c. 973-1489
4. The coinage from the late tenth century to 1158
5. A monetarised economy, 973-1158?
6. The coinage 1158-1351
7. The emergence of a money economy, 1158-1351
8. Testing the money economy, 1351-1489