Skip to main content Accessibility help
×
Hostname: page-component-5c6d5d7d68-wpx84 Total loading time: 0 Render date: 2024-08-21T10:16:09.503Z Has data issue: false hasContentIssue false

5 - The pattern of demand

Published online by Cambridge University Press:  06 August 2010

Get access

Summary

The impact which the intensification of agricultural production had on the economy as a whole needs careful consideration. The developments which have already been outlined show that the revenues which the state and powerful landowners derived from agriculture must have increased considerably from the tenth century onwards. Their scope for expenditure was extended and an outline of their main requirements will provide a useful guide to the possibilities for the development of commodity production, the role of commercial markets in the economy and more generally its capacity for expansion. The pattern of demand in the Byzantine economy has to be defined overwhelmingly in terms of consumption. The main requirements were diet, clothing and building and, as has been mentioned already, the emphasis on selfsufficiency reflected the realities of an economy consisting predominantly of direct producers operating on a small scale and having a very restricted commercial sector. Both landowners and peasants obtained as large a proportion of their produce as possible from their own estates, although wealthy landowners were also able to indulge their taste for scarcer items, which were expensive and therefore had a considerable prestige value. Investment played a very minor role. Although no precise figures are available, it is certain that the improvements made by landowners to their properties accounted for only a small proportion of their total expenditure, and their involvement in industry and commerce was also very restricted. Spending by the state was also heavily directed towards consumption. The main exception, and a very important economic factor, was its military expenditure.

Type
Chapter
Information
Publisher: Cambridge University Press
Print publication year: 1990

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Save book to Kindle

To save this book to your Kindle, first ensure coreplatform@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

  • The pattern of demand
  • Alan Harvey
  • Book: Economic Expansion in the Byzantine Empire, 900–1200
  • Online publication: 06 August 2010
  • Chapter DOI: https://doi.org/10.1017/CBO9780511562433.008
Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

  • The pattern of demand
  • Alan Harvey
  • Book: Economic Expansion in the Byzantine Empire, 900–1200
  • Online publication: 06 August 2010
  • Chapter DOI: https://doi.org/10.1017/CBO9780511562433.008
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • The pattern of demand
  • Alan Harvey
  • Book: Economic Expansion in the Byzantine Empire, 900–1200
  • Online publication: 06 August 2010
  • Chapter DOI: https://doi.org/10.1017/CBO9780511562433.008
Available formats
×