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• catalog abstract ""Money, politics and law were intimately linked in the merchant republics of medieval and Renaissance Italy. Nowhere was this more evident than in the realm of public finance. Beginning in the twelfth century, governments borrowed money from citizens to meet expenses that exceeded ordinary revenues; by 1350, most had converted their outstanding debts into permanent funds serviced by consumption taxes and levies on subject territories. Loans were usually compulsory, but ruling classes preferred them to taxes: not only did loans pay a return in the form of interest, but they could also be sold to recoup part of the lender's capital." "Despite the blessing of elites, deficit financing was highly controversial. In Florence, the creation of the funded debt was associated with social upheaval and remained a factor in political struggles for over a century. Debts in Florence and elsewhere also raised legal and moral questions that became the focus of growing controversy in the later Middle Ages. Lawyers and theologians rarely questioned the reliance of governments on debt, but many considered the payment of interest to government creditors a violation of the ban on usuary, which law and theology defined as any charge for a loan." "The defence of public debt offered by the Florentine lay canonist Lorenzo Ridolfi (1362-1443) in his Treatise on Usury was the most influential contribution to the debate and quickly became the standard canonical authority on the problem. Usury and Public Debt in Early Renaissance Florence presents an edition of the relevant portions of Ridolfi's treatise based on the autograph manuscript in the Biblioteca Nazionale di Firenze and a running commentary on the text. The introduction examines Ridolfi's text in the light of earlier writers on the debt problem and situates it in the broader sociopolitical and cultural context of early Quattrocento Florence. This study will be of interest to legal historians, to historians of medieval political economy and economic thought, and to students of early Renaissance Florence."--Jacket.".
• catalog contributor b12919907.
• catalog contributor b12919908.
• catalog created "c2003.".
• catalog date "2003".
• catalog date "c2003.".
• catalog dateCopyrighted "c2003.".
• catalog description ""Money, politics and law were intimately linked in the merchant republics of medieval and Renaissance Italy. Nowhere was this more evident than in the realm of public finance. Beginning in the twelfth century, governments borrowed money from citizens to meet expenses that exceeded ordinary revenues; by 1350, most had converted their outstanding debts into permanent funds serviced by consumption taxes and levies on subject territories. Loans were usually compulsory, but ruling classes preferred them to taxes: not only did loans pay a return in the form of interest, but they could also be sold to recoup part of the lender's capital." "Despite the blessing of elites, deficit financing was highly controversial. In Florence, the creation of the funded debt was associated with social upheaval and remained a factor in political struggles for over a century. ".
• catalog description "Debts in Florence and elsewhere also raised legal and moral questions that became the focus of growing controversy in the later Middle Ages. Lawyers and theologians rarely questioned the reliance of governments on debt, but many considered the payment of interest to government creditors a violation of the ban on usuary, which law and theology defined as any charge for a loan." "The defence of public debt offered by the Florentine lay canonist Lorenzo Ridolfi (1362-1443) in his Treatise on Usury was the most influential contribution to the debate and quickly became the standard canonical authority on the problem. Usury and Public Debt in Early Renaissance Florence presents an edition of the relevant portions of Ridolfi's treatise based on the autograph manuscript in the Biblioteca Nazionale di Firenze and a running commentary on the text. ".
• catalog description "Includes bibliographical references (p. [407]-432) and index.".
• catalog description "The introduction examines Ridolfi's text in the light of earlier writers on the debt problem and situates it in the broader sociopolitical and cultural context of early Quattrocento Florence. This study will be of interest to legal historians, to historians of medieval political economy and economic thought, and to students of early Renaissance Florence."--Jacket.".
• catalog extent "xiv, 460 p. :".
• catalog hasFormat "Usury and public debt in early Renaissance Florence.".
• catalog identifier "0888441444 (bound) :".
• catalog isFormatOf "Usury and public debt in early Renaissance Florence.".
• catalog isPartOf "Studies and texts (Pontifical Institute of Mediaeval Studies) ; 144.".
• catalog isPartOf "Studies and texts ; 144".
• catalog issued "2003".
• catalog issued "c2003.".
• catalog language "eng".
• catalog language "lat eng".
• catalog publisher "Toronto, Ont. : Pontifical Institute of Mediaeval Studies,".
• catalog relation "Usury and public debt in early Renaissance Florence.".
• catalog spatial "Italy Florence".
• catalog subject "336.3/4/09455109024 21".
• catalog subject "Debts, Public Italy Florence History To 1500.".
• catalog subject "Finance, Public Italy Florence History To 1500.".
• catalog subject "KJA2066.5 .A74x 2003".
• catalog subject "Ridolfi, Lorenzo, active 1395-1439. Tractatus de usuris.".
• catalog subject "Usury laws (Canon law)".
• catalog title "Usury and public debt in early Renaissance Florence : Lorenzo Ridolfi on the monte comune / by Lawrin Armstrong.".
• catalog type "History. fast".
• catalog type "text".