Current explanations of long-run changes in the medieval English economy have largely used models in which changes in the money supply play very little part. Here a fresh approach is taken and the money supply is seen as one of the main variables in the workings of the economy.
In Part One, theories and problems in using monetary theory and numismatic evidence to model the medieval economy are fully discussed, as are the coins in circulation and the practical challenges faced in putting into circulation millions of coins struck by hand. The aim is to provide the reader with an informed...