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This is an important and valuable book. Many works of economic history include the word ‘Wales’ in a sub title or index but relatively few have engaged with the relatively sparse sources and unfamiliar context (to most English historians) of the royal shires—the north and west—and Marcher lordships—the south and east—that characterise Wales after the conquests of Edward I.

By official decree, Brazil celebrates its 500th anniversary in 2000: the modern history of the country dating from April, 1500, when a fleet commanded by Pedro Alvares Cabral anchored at Porto Seguro on the north-east coast of Bahia.