Renaissance

Download Coinage and State Formation in Early Modern English by Stephen Deng PDF

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By Stephen Deng

This book posits that cash and their (especially literary) representations have been inextricably certain with numerous key elements for English kingdom formation in the interval. After surveying quite a few definitions and histories of the “state” in the first bankruptcy, this e-book identifies 5 significant dimensions of country formation which correspond to the 5 chapters of the ebook: centralized institutional advancements; the boundaries and quantity of nation and monarchical authority based on customized, cause and typical legislations; the improvement and growth of a criminal framework, specifically statute legislation, for ethical rules and upholding of nation prerogatives; the political theology of kingdom glaring specifically within the air of secrecy of kingship; and the territorial limitations of nation authority, together with their impression on intra-state relatives. lots of the chapters marry a component of coinage and a literary textual content (or set of texts) to 1 of the foremost elements in English nation formation.

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16 This dynamic between cultural and instrumental dimensions informs my own emphasis throughout Coinage and State Formation on interactions between material and representational factors of coinage. The coin as instrument is often inseparable from the coin as symbol, and its intimate connection with state authority offers a compelling case study for considering the nature of this dynamic. Because of these important cultural elements in state formation, recent approaches have tended to break down the distinction between state and society.

Therefore, under the gold standard intrinsic and extrinsic value theories continued to coexist, though conceptions were shifting toward the extrinsic value theory since consumers recognized the value from circulating paper money and generally did not think to redeem gold from paper. For this reason, Michel Foucault’s argument about money in The Order of Things, in which he similarly describes a complete shift from intrinsic to extrinsic value theories, is also historically inaccurate. Foucault contends—within the context of his theory of governing epistemes that permit the possibility of knowledge across various disciplines—that this shift occurred between the sixteenth and seventeenth centuries.

Since the king maintained royal lands throughout the realm, he needed sheriffs to keep track of his income and eventually developed a centralized office to maintain accounts. 26 At the end of this chapter I discuss the royal mint, another key institution whose structure and authority changed during this period, 1000–1300. Henry II, who had established stricter control on officers throughout the realm, also strengthened central control over coin production by hand picking moneyers, closing provincial mints, tightening monarchical control over those remaining mints, and most importantly increasing and stabilizing the weight of the penny.

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