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Property, Power and the Growth of Towns - Enterprise and Urban Development,1100-1500 (Hardcover)
Loot Price: R4,068
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Property, Power and the Growth of Towns - Enterprise and Urban Development,1100-1500 (Hardcover)
Series: Routledge Explorations in Economic History
Expected to ship within 12 - 17 working days
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Local enterprise, institutional quality and strategic location were
of central importance in the growth of medieval towns. This book,
comprising a study of 112 English towns, emphasises these key
factors. Downstream locations on major rivers attracted
international trade, and thereby stimulated the local processing of
imports and exports, while the early establishment of richly
endowed religious institutions funnelled agricultural rental income
into a town, where it was spent on luxury goods produced by local
craftsmen and artisans, and on expensive, long-running building
schemes. Local entrepreneurs who recognised the economic potential
of a town developed residential suburbs which attracted wealthy
residents. Meanwhile town authorities invested in the building and
maintenance of bridges, gates, walls and ditches, often with
financial support from wealthy residents. Royal lordship was also
an advantage to a town, as it gave the town authorities direct
access to the king and bypassed local power-brokers such as bishops
and earls. The legacy of medieval investment remains visible today
in the streets of important towns. Drawing on rentals, deeds and
surveys, this book also examines in detail the topography of seven
key medieval towns: Bristol, Gloucester, Coventry, Cambridge,
Birmingham, Shrewsbury and Hull. In each case, surviving records
identify the location and value of urban properties, and their
owners and tenants. Using statistical techniques, previously
applied only to the early modern and modern periods, the book
analyses the impact of location and type of property on property
values. It shows that features of the modern property market,
including spatial autocorrelation, were present in the middle ages.
Property hot-spots of high rents are also identified; the most
valuable properties were those situated between the market and
other focal points such transport hubs and religious centres,
convenient for both, but remote from noise and pollution. This book
takes an interdisciplinary approach, drawing on expertise from the
disciplines of economics and history. It will be of interest to
historians and to social scientists looking for a long-run
perspective on urban development.
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