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England and Northern Italy in the Early Fourteenth Century: the Economic Contrasts

Published online by Cambridge University Press:  12 February 2009

R. H. Britnell
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Extract

We know almost as much about the operations of big Italian companies in England as about those in Italy itself during the early fourteenth century. Tuscan trade here engaged some of Europe's most celebrated businesses, attracted by the kingdom's fine wool and the credit-worthiness of her crown and nobility. Historians have some-times drawn an analogy with international lending from richer to poorer countries in the modern world, both to create a point of contact with their readers and to meet the need for deep-lying explanations. The analogy usually carries the implication that Italy had a more advanced economy than England, and there are authors who say so explicitly. Some use terms designed to describe international economic growth during the last two hundred years, and represent medieval Italy as a pole of development, or a core economy. Others, borrowing the language of power, describe Italy as a dominant economy. Professor Cipolla uses a number of these ideas at once in his observation that ‘in the early years of the fourteenth century Florence represented a dominant and developed economy, while England and the kingdom of Naples were two decidedly underdeveloped countries: the periphery, to use Wallerstein's expression’.

Type
Research Article
Information
Transactions of the Royal Historical Society , Volume 39 , December 1989 , pp. 167 - 183
Copyright
Copyright © Royal Historical Society 1989

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