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The wool market was extremely important to the English medieval economy and wool dominated the English export trade from the late-thirteenth century to its decline in the late-fifteenth century. Wool was at the forefront of the establishment of England as a European political and economic power and this volume was the first study of the medieval wool market in over 20 years. It investigates in detail the scale and scope of advance contracts for the sale of wool; the majority of these agreements were formed between English monasteries and Italian merchants, and the book focuses on the data contained within them. The pricing structures and market efficiency of the agreements are examined, employing practices from modern finance. A detailed case study of the impact of entering into such agreements on medieval English monasteries is also presented, using the example of Pipewell Abbey in Northamptonshire.Read more
- Applies modern financial techniques to the medieval wool market
- Provides a detailed description and discussion of the sophisticated use of advanced contracts for the sale of wool
- Includes a case study detailing the experience of one particular abbey, and use of the contracts which eventually resulted in bankruptcy and dispersal
Reviews & endorsements
"Future historians will...be in the author's debt for the richly nuanced picture of a market under stress"
James M. Murray, Western Michigan University, EH.NETSee more reviews
"This is a spectacularly successful investigation. The analysis is methodically unassailable, and its conclusions are sound. Moreover, the book is superbly written and supremely well organized." -Stuart Jenks, The Journal of Interdisciplinary History
"This is an important contribution to the scholarship of economic history of late Middle Ages in general and England in particular."
Sixteenth Century Journal, Philip Slavin, Yale University
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- Date Published: February 2011
- format: Paperback
- isbn: 9780521187510
- length: 214 pages
- dimensions: 229 x 152 x 11 mm
- weight: 0.29kg
- availability: Available
Table of Contents
2. Advance contracts for the sale of wool
3. Case study - Pipewell Abbey, Northamptonshire
4. Modern finance in the Middle Ages
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