epub The Wheels of Commerce

Book description

I bought Braudel's trilogy Civilisation and Capitalism years ago when I was a student through a book club (a sure way to win friends among the postmen).The cost of it would have been a small fortune to me at the time, but all the same it was something that I only raided rather than read for writing essays.Which misses the point, because although you can dip in and out of the text the discussion develops slowly and rolls out like an incoming tide.All three volumes are richly illustrated.The graphs are my particular delight seeing as they were drawn up by hand in pre-computer days.

The experience of reading this volume is like standing on an elevation and looking out over a landscape while Braudel points out to you the ebb and flow of capitalism across it.There are Capitalist style modes of works like the extreme division of labour of the migrant labourers who would flood the countryside south of Rome every few years to sow a crop and then harvest lands which where otherwise turned over to pasture.But that mode of production isn't consistent across time or space it was highly specific to the needs of how one very particular locality was managed.

One way of thinking about this is colonialism.Patterns of work and finance colonised regions or sections of society.The agricultural produce of Poland or Portugal become exploited hinterlands, creating wealth for middlemen but serving the hunger and thirst of Amsterdam or London (a geographical division of labour).Nor was the spread of specialisation of production creating a modern looking, integrated economy accompanied by a less restricted social structure.Quite the opposite.North of Venice and east of the Elbe landowners imposed serfdom, clamping down on individual liberties, obliging people to work to produce food stuffs, or to work in mines for export rather than for self-sufficiency.

This idea of much of Europe being colonised by the Mediterranean world from the Middle Ages onwards is explored by Robert Bartlett's book The Making of Europe.Braudel taking a longer view sees the transmission of bills of exchange, customs, forward selling and forms of commercial association from the Islamic world to Italy and then pulsing out into western and northern Europe.From that elevation you see the fine lines of a world economy functioning at a high level with merchants connected from Antwerp to the far east dealing in small amounts of high value products like spices, silks and porcelain while much of the domestic market economy was much more simple.Dealing in bulk products on the other hand mostly took place over shorter distances.

A good part of the study of history is unlearning the casual assumptions that we make about the world.It is easy to think that because in an atlas each country is clearly defined with a black border and blocked out in a single colour that each one is just as uniform and consistent within those borders.The richness of details in this book that builds up from the ground corrects that.

Braudel builds up a picture of a world of extreme depreciation.The wooden cog teeth in mills wear down fast.If a ship lasts for as long as twenty years it is doing well.It is also a world that was barely governed.As a schoolboy I wrote confidently about the annual incomes of the Kings of Spain little realising that my knowledge of the subject was more precise than theirs!Successive rulers pushed the administration of southern Italy to produce budget forecasts which eventually they succeeded in doing - the only problem was that it took them about six years to complete the work because of the irregularities of the cash flows (one problem was that each tax ran on its own financial year). The pre-modern world was not uniform but a mess of local particularities.

The difficulty of this book is looking out over this richly detailed landscape it is easy too lose sight of the argument, particular as this is something developing over three long volumes. There are key points that define the argument, perhaps ideally this is the kind of book that should be read with a dozen bookmarks or a notepad.

The discussion engages with economists and historians.It does occur to me that Braudel would have had a better understanding of the 18th century economy than Adam Smith, but in a dog in the forest way the perspectives developed by the economists still have to be engaged with. I'm also left with a desire to read Henri Pirenne.One book leads to the next. In this case though on to the final volume in the series The Perspective of the World.

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Book info

PublisherUniversity of California Press
Release date 02.12.1992
Pages count670
File size1.8 Mb
eBook formatPaperback, (torrent)En
Book rating4.43 (242 votes)
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