Economy and Nature in the Fourteenth Century: Money, Market Exchange, and the Emergence of Scientific Thought / Edition 1

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Overview

Historians of medieval science have hesitated to step outside the sphere of intellectual culture in their search for factors influencing proto-scientific thought. This book searches for influences both within and beyond university culture, and argues that the transformation of the conceptual model of the natural world c. 1260-1380 was strongly influenced by the contemporary rapid monetization of European society.
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Editorial Reviews

John W. Baldwin
Medievalists have neglected the history of ideas in our generation, but this study shows how it should be revived and practiced.
American Historical Review
From the Publisher
"Medievalists have neglected the history of ideas in our generation, but this study shows how it should be revived and practiced." John W. Baldwin, American Historical Review

"...Wealth of accurate and pertinent detail...this book is an excellent case study of the unity of scholastic thought." Edith Dudley Sylla, Journal of Interdisciplinary History

"The book thus illuminates the philosophical underpinnings for Nicole Oresme's forceful condemnation of monetary manipulations, and his subjection of monetary policy to the common good rather than the sovereign's expediency." Fracnçois Velde, Journal of Economic History

"Kaye has made a persuasive case-more carefully researched and extensively analyzed than any previous work along this line." William J. Courtenay, Speculum - A Journal of Medieval Studies

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Product Details

  • ISBN-13: 9780521793865
  • Publisher: Cambridge University Press
  • Publication date: 11/28/2010
  • Series: Studies in Medieval Life and Thought , #35
  • Edition description: New Edition
  • Edition number: 1
  • Pages: 285
  • Sales rank: 1,071,645
  • Product dimensions: 5.98 (w) x 8.98 (h) x 0.63 (d)

Table of Contents

Acknowledgments
Introduction 1
1 The Economic Background: Monetization and Monetary Consciousness in the Thirteenth and Fourteenth Centuries 15
2 The Aristotelian Model of Money and Economic Exchange 37
Mathematics and the geometry of exchange 40
Equality, the mean, and equalization in exchange 45
Money as medium and as measure 46
Relation and the relativity of value in exchange 47
The social geometry of monetized society 50
Negative attitudes toward money and exchange 52
3 The Earliest Latin Commentaries on the Aristotelian Model of Economic Exchange: Albertus Magnus and Thomas Aquinas 56
Mathematics and the geometry of exchange 58
Equality, the mean, and equalization in exchange 64
Money as medium and as measure 65
Relation and the relativity of value in exchange 68
The social geometry of monetized society 70
Common valuation in exchange 72
A problem introduced by the early commentaries 76
4 Models of Economic Equality and Equalization in the Thirteenth Century 79
Equality in usury theory 80
Equality in just price theory and market exchange 87
Two models of economic equalization: Henry of Ghent and Godfrey of Fontaines 101
5 Evolving Models of Money and Market Exchange in the Late Thirteenth and Fourteenth Centuries 116
Equality, the mean, and equalization in exchange 116
Mathematics and the geometry of exchange 133
Money as medium and as measure 137
Relation and the relativity of value in exchange 147
Common valuation in exchange 152
The social geometry of monetized society 158
6 Linking the Scholastic Model of Money as Measure to Proto-Scientific Innovations in Fourteenth-Century Natural Philosophy 163
Money as medium and as measure 170
7 Linking Scholastic Models of Monetized Exchange to Innovations in Fourteenth-Century Mathematics and Natural Philosophy 200
The social geometry of monetized society 201
Mathematics and the geometry of exchange 210
Equality, the mean, and equalization in exchange 220
Common valuation in exchange 229
Relation and the relativity of value in exchange 231
Bibliography 247
Index 267
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