MONEY IN THE MEDIEVAL ENGLISH ECONOMY, 973-1489

J L BOLTON
352pp 6 MAPS TABLES 2012 LIST PRICE: £19.99 (P) HB03

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Description
The importance of money in the workings of the medieval economy is often overlooked. This study provides a background to the problems of modelling the medieval economy, to the practical processes of striking 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 c1300 but its existence and flexibility helped the economy survive the severe shocks of the late middle ages.