Description

Book Synopsis

This study in economic history focuses on the commercial relations and monetary policies of England, Burgundy, and Flanders in medieval times. Professor Munro shows how princes in continental Europe employed coinage debasements far more often as ad hoc fiscal measures to meet their ever-growing need for revenue than as purely monetary strategies to serve the economic requirements of their subjects.

He demonstrates that the English Parliament had managed to exert such strong controls over the coinage that the Crown was forced to resort to other measures to secure precious metals for the mint’ and thus that such bullionist policies adopted by England, especially as they served monetary as well as fiscal needs and in so far as they attempted to produce bullion influxes by regulating the balance of trade, provided the true foundations of those early-modern economic policies and state practices known as Mercantilism. The most lucrative source of potential bullion was England

Wool Cloth and Gold

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    A Paperback by John H. Munro

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      Publisher: University of Toronto Press
      Publication Date: Publication Date: 15/12/1973
      ISBN13: 9781487579234, 978-1487579234
      ISBN10:
      Also in:
      Monetary economics

      Description

      Book Synopsis

      This study in economic history focuses on the commercial relations and monetary policies of England, Burgundy, and Flanders in medieval times. Professor Munro shows how princes in continental Europe employed coinage debasements far more often as ad hoc fiscal measures to meet their ever-growing need for revenue than as purely monetary strategies to serve the economic requirements of their subjects.

      He demonstrates that the English Parliament had managed to exert such strong controls over the coinage that the Crown was forced to resort to other measures to secure precious metals for the mint’ and thus that such bullionist policies adopted by England, especially as they served monetary as well as fiscal needs and in so far as they attempted to produce bullion influxes by regulating the balance of trade, provided the true foundations of those early-modern economic policies and state practices known as Mercantilism. The most lucrative source of potential bullion was England

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