Changing Values in Medieval Scotland: A Study of Prices, by Elizabeth Gemmill

By Elizabeth Gemmill

It is a full-scale research of costs in medieval Scotland, c. 1260-1542, including specified discussions of coinage, and weights and measures. approximately 6000 costs are indexed separately, ordinary costs are calculated for every commodity, and for teams of commodities resembling cereals and cattle. Scots costs are in comparison with English, and the importance of the information for the commercial background of medieval Scotland is analyzed totally. this is often the single complete research to were undertaken on Scots medieval costs, and there's no similar paintings on Scottish medieval fiscal heritage in print.

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Extra info for Changing Values in Medieval Scotland: A Study of Prices, Money, and Weights and Measures

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It remains to be considered whether debasement was the wrong strategy in a period of shrinking volume of international trade, or whether the later medieval recession would have been much worse in Scotland if sound money policies had been pursued. 35 After 1367 When Scotland left the sterling area in 1367 the direct currency connection between prices north and south of the border was broken. The comparison between English and Scots prices therefore becomes much more difficult; simple tables comparing individual prices - never a very certain guide - become out of the question.

367. English mint output was directly boosted by devaluation, a buoyant export trade (albeit something of an Indian summer), substantial ransom payments, and the introduction of gold coinage. Thus a growing money supply was available to a dramatically reduced population. Mayhew, 'Alexander III', pp. 65-6. Though the argument here is flawed since evidence of mortality from upland benefices can only be an uncertain guide because of the prevalence of absentee clergy. Barbara E. Crawford, The History of Dunbeath in the Medieval Period (Dunbeath Preservation Trust, 1990), p.

For the monetary resources of fourteenth-century Cumberland drawn into Scotland, see C. McNamee, 'Buying off Robert Bruce: An Account of Moneys Paid to the Scots by Cumberland Communities in 1313-4', Transactions of the Cumberland and Westmorland Antiquarian and Archaeological Society, 92 (1992), 77-89. For a detailed discussion of currency matters, see Chapter 4 below. For prices of individual commodities, see Chapter 5 below. 12 Changing values in medieval Scotland oatmeal, oxen, cows, sheep, salt, wool, and wine.

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