Money in the medieval English economy 973–1489
Series: Manchester Medieval Studies
Subject Area: History
BIC Category: Early history: c 500 to c 1450/1500
Published: May 2012
216 x 138 mm
Publisher: Manchester University Press
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.
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
'An insightful and wide-ranging book on money and its place in the medieval English economy ... Other secondary literature is available on money and the economy in medieval England, but Professor Bolton’s book offers students, researchers and general readers with a breadth of vision and analysis'
Andrew Wareham, Reviews in History, 6th June 2013
'"Money in the Medieval English Economy: 973-1489" is one of the most important books published in English medieval economic history during the past two decades. Indeed, I do not know of any other comparable and equally comprehensive study of English medieval monetary history.'
John Munro, University of Toronto, EH.Net (June 2013)
'The longest and most important sustained discussion of the economic importance of England’s medieval currency now available. It should be read by all those interested in the the workings of premodern monetary economics or the medieval economy more widely .. a valuable, perceptive, and very welcome addition to the literature on medieval economic history.'
Rory Naismith, University of Cambridge, Journal of Economic History
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