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Modelling the medieval economy: money, prices and income in England, 1263-1520

Casson, C. and Casson, M. (2015) Modelling the medieval economy: money, prices and income in England, 1263-1520. In: Allen, M. and Coffman, D.'M. (eds.) Money Prices and Wages: Essays in honour of Professor Nicholas Mayhew. Studies in the History of Finance. Palgrave Macmillan, Basingstoke, pp. 51-73. ISBN 9781137394019

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This chapter presents a simple econometric model of the medieval English economy, focusing on the relationship between money, prices and incomes. The model is estimated using annual data for the period 1263-1520 obtained from various sources. The start date is determined by the availability of continuous runs of annual data, while the finishing date immediately precedes the take-off of Tudor price inflation. Accounts from the ecclesiastical and monastic estates have survived in great numbers for this period, thereby ensuring that crop yields can be estimated from a regionally representative set of estates.

Item Type:Book or Report Section
Divisions:Arts, Humanities and Social Science > School of Politics, Economics and International Relations > Economics
ID Code:49603
Publisher:Palgrave Macmillan


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