25th out of 164 books
—
44 voters
Medici Money: Banking, Metaphysics, and Art in Fifteenth-Century Florence
by
Tim Parks
Before they achieved renown as patrons of the arts and de facto rulers of Florence, the Medici family earned their fortune in banking. But even at the height of the Renaissance, charging interest of any kind meant running afoul of the Catholic Church’s ban on usury. Tim Parks reveals how the legendary Medicis—Cosimo and Lorenzo “the Magnificent” in particular—used the dipl...more
Paperback, 288 pages
Published
May 17th 2006
by W. W. Norton & Company
(first published 2005)
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Parks brings us 100 years of Florentine history, from 1389 to 1494 - it's the rise and fall of the Medicis, the invention of international banking, and the Renaissance. While it's a complex book, he does well by laying out a chronology, and a chapter of "The Big Picture" in the front of the book. This telling of what he's going to tell us keeps you from getting lost during the progress of the book.
Parks has two basic principles for his theme - first, loan money and you are a usurer and condemned...more
Parks has two basic principles for his theme - first, loan money and you are a usurer and condemned...more
The fascinating thing about this book is its ability to describe illusory elements of society and power, as if they are able to be observed despite the deliberate means used to obscure them. There are a number of references to “the secrets of our town” and each reference holds a sense of a different kind of understanding between those who know and the rest of us who may feel some inkling from time to time but can never be really sure.
Medici Money is a book about power, authority and influence. I...more
Medici Money is a book about power, authority and influence. I...more
A very engaging narrative and a nice mixture of history and finance. Of all the history books I’ve read, this is by far the most fun to read. The best thing I came out with after reading this book is the similarities between our modern-day life and the world back in the 15th century. Although we tend to think differently, the motivations and struggles that existed back then still exists today in most societies. Except for the speed of transportation and communication, most of our human habits ar...more
Medici Money is, in the author's words, "a brief reflection on the Medici of the fifteenth century - their bank; their politics; their marriages, slaves and mistresses; the conspiracies they survived; the houses they built and the artists they patronized." And so indeed it is, 250 smoothly readable pages, informed by a mind that might seem cynical were it not expressed with an acerbic wit.
Take, for example, Tim Parks on an occasion when the public debt was running out of control. "The governmen...more
Take, for example, Tim Parks on an occasion when the public debt was running out of control. "The governmen...more
This is a book with incredibly interesting content that is let down by inadequate writing and mediocre composition. In terms of content, this book is incredibly fascinating. This book is quite brief, and there is nothing wrong with that. Its abbreviated size means that it should have been an excellent way to introduce oneself to the world of late medieval/early Renaissance Florence and Northern/Central Italy. This is the guide book that one can pick up before trying to read a more detailed and d...more
This wasn't what I was hoping it would be, but he is a good writer. In 1400, at the beginning of the Medici banks, loaning money for interest, was, according to the Church, just about the worst sin possible. You could buy and sell slaves, father children with your servants and mistresses, but don't lend money. The rise of international trade almost required credit (and thus interest), so they came up with devious ways to get around the ban and eventually to bring the Church around. Since our eco...more
For the last few months I've been studying Italy during the Renaissance. And I've been researching it in the only logical way for a studious college grad to study anything: wikipedia.
Well, not JUST wikipedia. Also, other Renaissance-focused websites that I could never reference if writing an article for ANYTHING. Fortunately, the research isn't for any kind of reputable writing. It's for the fantasy novel I've been slowly brewing these past few months. Subjects I need to study for this book: th...more
Well, not JUST wikipedia. Also, other Renaissance-focused websites that I could never reference if writing an article for ANYTHING. Fortunately, the research isn't for any kind of reputable writing. It's for the fantasy novel I've been slowly brewing these past few months. Subjects I need to study for this book: th...more
An interesting read; Parks has a slightly less academic approach to the history of the Medici's and their banks in Italy and throughout Europe. He is most entertaining when talking about the nature of banking in the fifteenth century and the inherent contradictions that arise from running a business that's main profits derive from something that is considered a mortal sin (usury). I liked the book less when Parks talks more in depth about the lives of the Medici - mostly Lorenzo. His tone is too...more
Really fascinating book. Always knew the Medici as noble arts patrons-- and they were certainly the arts patrons-- but this sketches the history of their bank in Europe. Some of the more fascinating aspects:
Usury was considered a mortal sin. So banks really didn't lend money at interest or borrow money at interest-- they lent money with no strings attached and -- wink wink-- the borrower would give the lender a periodic gift.
The Vatican and various bishops and cardinals were some of the biggest...more
Usury was considered a mortal sin. So banks really didn't lend money at interest or borrow money at interest-- they lent money with no strings attached and -- wink wink-- the borrower would give the lender a periodic gift.
The Vatican and various bishops and cardinals were some of the biggest...more
Oct 07, 2008
Three
rated it
4 of 5 stars
Recommends it for:
anyone interested in history and/or finance
Not interested in Italian Renaissance History? No problem! Aside from the fact that Parks is a good enough writer to make any subject interesting, this book is about far more than the Medici clan (though it's also a good place to start in relation to them). It's equally about the nature of money, and banking - with plenty of contemporary resonance.
For example:
"Usury alters things. With interest rates, money is no longer a simple and stable metal commodity that just happens to have been chosen as...more
For example:
"Usury alters things. With interest rates, money is no longer a simple and stable metal commodity that just happens to have been chosen as...more
As the title indicates, the book undeniably exposes the money of the Medici as it relates to their banking and patronage – artistic/dogmatic, in Florence during the 1400’s. It features the Renaissance Medici men from Giovanni Di Bicci to Piero di Lorenzo (respectively the first and the last of that era; the era of the Medici bank) and those that surrounded them – the godly and the diabolical. This book is somewhat misleading or rather – it didn’t fulfill my expectation or anticipation. The book...more
This was a fascinating explanation of Italian politics and culture in the Renaissance, and it gave a good perspective on the battles over wealth and power that kept the Italian peninsula politically fragmented for so long. The rise of the Medici family was based on the banking wealth they acquired over the course of two or three generations, and the fall was the result of the neglect of banking for the involvement in politics in Florence and elsewhere.
I don't read many business books and even though there is a lot of history in this book it's labeled business. I don't know if it is the fact that I not used to reading business books but I felt the author was coming across as very arrogant, again maybe this is just the way business books are written. Given that,the book was great at providing insight into the business and wealth of the Medici family.
Really important for me - a great help in getting to grips not with the beauty of the Renaissance but the "Why" of the Renaissance - a real help in getting to grips with the subject but written in such a way that it is not a huge effort - almost a page turner - I really enjoyed it and - more importantly , I often use it for reference - thanks Mr Parks!
So what if Parks gets a bit too clever with his prose in places. For the most part this is a fascinating story, winningly told, with a sprinkling of humor (except for a few lines that fall flat), a strong opinion about previous Medici scholarship, a master class in power, leadership, and money, and a fervently subversive reminder of just how much the current powers that be (in finance and politics, but especially in banking and Fortune 500 golden parachute-dom) are farcically reenacting the same...more
Tim Parks has that infuriating habit of talking about the past in the present tense. For this reason, I cannot recommend this book to anyone who respects correct grammatical usage.
Apart from this criticism, this book is an interesting account of the Medici family and their influence on fifteenth century Florence.
Apart from this criticism, this book is an interesting account of the Medici family and their influence on fifteenth century Florence.
This is a cool book but not nearly as cool as I thought. It was voted one of the best books of the year (2007?) by Economist. This book certainly teaches the reader about the time when it is set - 1400 Florence (and Italy in general). However, I feel as though there have to be better books out there that cover this time period and these characters and their important impact on society via artists, Catholic popes and their control of the city of Florence than this book. And if there isn't a bette...more
When a serious book about financial history reads like a historical thriller, it's hard not to be impressed. Parks writes with great knowledge and yet clarity, and a sure sense of storytelling, about the florentine family which, basically, invented the banking system: it's fascinating and illuminating - I learned as much on the times it explores as on how what happened centuries ago in Florence has influenced our lives.
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Born in Manchester in 1954, Tim Parks grew up in London and studied at Cambridge and Harvard. In 1981 he moved to Italy where he has lived ever since. He has written eleven novels including Europa, Destiny, Cleaver and, most recently, Dreams of Rivers and Seas, as well as three non-fiction accounts of life in northern Italy (most recently A Season with Verona), a collection of 'narrative' essays,...more
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