Abstract
Exchange in the early Middle Ages has traditionally been studied from a ‘technological’, ‘economic’ or ‘socio-political’ perspective, and has examined such issues as transport practices, supply and demand, or the ways in which exchange helps to maintain and reproduce the socio-political order. A particular focus of research has been the significance of the exchange of prestige goods for the power of the king and the aristocracy. There has been almost no analysis to date of the complexity of the exchange system as a whole, which – together with the exchange of commodities and gifts – includes the keeping of objects. Nor have archaeologists paid much attention to the relationship between forms of exchange (and the norms and values associated with them) and the imaginary world from which ‘value’ is derived in exchange. In the early medieval Frankish world there seems to have been a close relationship between exchange and the imaginary Christian world. In this contribution, I will attempt to examine the relationship between exchange and the imaginary world in the early Middle Ages, and to demonstrate how the results can modify the picture we have of central places like Maastricht (an old centre) and Dorestad (one of the new emporia).