Drawing on a wide range of literature and adopting a macroeconomic
approach, this book provides a comprehensive overview of the
Italian economy during the Renaissance, focusing on the period
between 1348, the year of the Black Death, and 1630. The Italian
Renaissance played a crucial role in the formation of the modern
world, with developments in culture, art, politics, philosophy, and
science sitting alongside, and overlapping with, significant
changes in production, forms of organization, trades, finance,
agriculture, and population. Yet, it is usually argued that
splendour in culture coexisted with economic depression and that
the modernity of Renaissance culture coincided with an epoch of
epidemics, famines, economic crisis, poverty, and destitution. This
book examines both faces of the Italian economy during the
Renaissance, showing that capital per worker was plentiful and
productive capacity and incomes were relatively high. The endemic
presence of the plague, curbing population growth, played an
important role in this. It is also shown that the organization of
production in industry and finance, consumerism, human capital, and
mercantile rationality were the forerunners of modern-day
capitalism. This book is an invaluable resource for scholars and
students of the Renaissance and Italian economic history.
General
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