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Monetary Revolution and Societal Change in the Late Medieval and Early Modern Times—A Review Article

Published online by Cambridge University Press:  23 March 2011

Frank Perlin
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Extract

Precious Metals in the Later Medieval and Early Modern Worlds, edited by J. F. Richards, is a courageous attempt to survey late medieval and early modern monetary history on an appropriately global scale, while simultaneously representing the fragmentation of the present state of knowledge on the subject. Asian history has been particularly subject to an a priori compartmentalization that has hindered comparison and prevented appreciation of the elaborate connections and dependencies developing among different regions during this period; Moreover, the various ways in which flows of precious metals have been explained merely confirm this compartmentalization, both by neglecting other, central aspects of monetary history and by ignoring the wider historical questions to which it is inseparably linked. By supplementing the approach to precious metals with a parallel focus on the vigorous trades in less precious monetary media, it becomes possible to rephrase the problem in terms of infrastructural societal conditions in different regions, which in the first place permitted trade flows to take place. In this respect, we need to dissolve the hard frontiers separating the conventional units of discussion and to see international commerce, and a wide range of different regional developments, as part and parcel of an increasingly complex, many-levelled web of interactive stimuli, which now needs to be reconstructed, debated, and researched.

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Articles
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The Journal of Asian Studies , Volume 45 , Issue 5 , November 1986 , pp. 1037 - 1049
Copyright
Copyright © The Association for Asian Studies, Inc. 1986

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