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.

Abstract: In "Money and the Man: Economics and Identity in Late Medieval English Literature," I explore the relationship between the profound economic changes of the late medieval period and shifting models of subjectivity. I argue that often-noted economic transformations, such as the expansion of the money economy, the commercialization of English society, and the general increase in personal wealth, had consequences far beyond the marketplace. Indeed, such changes had a significant impact on how people imagined themselves and others to be defined, causing a shift from societal models of birth and function to paradigms emphasizing economic activity and income. Increasingly, I suggest, being was related to having. Further, I posit that these changes were awkwardly embraced, generating widespread yet local anxieties among various groups, such as the gentry, the religious, and the merchant class. It is the work of this dissertation to explore a group of texts--romances, saint's lives, and ballads--which chronicle the struggle to formulate meaningful identities in a society in flux.

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.

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.

This study explores the relationship between ideology and subjectivity in late medieval literature, documenting the trajectory of antimercantile ideology against major developments in economic theory and practice in the later Middle Ages.

This book challenges the notion that economic crises are modern phenomena through its exploration of the tumultuous ‘credit-crunch’ of the later Middle Ages. It illustrates clearly how influences such as the Black Death, inter-European warfare, climate change and a bullion famine occasioned severe and prolonged economic decline across fifteenth century England. Early chapters discuss trends in lending and borrowing, and the use of credit to fund domestic trade through detailed analysis of the Statute Staple and rich primary sources. The author then adopts a broad-based geographic lens to examine provincial credit before focusing on London’s development as the commercial powerhouse in late medieval business. Academics and students of modern economic change and historic financial revolutions alike will see that the years from 1353 to 1532 encompassed immense upheaval and change, reminiscent of modern recessions. The author carefully guides the reader to see that these shifts are the precursors of economic change in the early modern period, laying the foundations for the financial world as we know it today.

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.