Originally published in 1985. Frederic C. Lane and Reinhold C.
Mueller, in the first volume of Money and Banking in Medieval and
Renaissance Venice, discuss Venice's economic achievement in terms
of the complex system the city's inhabitants developed to manage
moneys of account and coins. Money merchants of Venice developed a
system whereby a premium attached to moneys of account acted as a
stabilizing force and allowed merchants to engage in long-term
trade. This system, according to the authors, helped establish
Venice as a dominant city-state in international trade and
exchange. This book outlines the development and success of this
system through 1508. At the time it was first published, this book
made a significant contribution to the history of money and
economics by underscoring the large role that Venice played in the
economic history of the West and the ascendance of capitalism as a
structuring force of society.
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