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Starting in around 1530, Craig Muldrew argues in this important, phenomenally good book, the English economy developed rapidly. Population growth fed commercialization; markets developed and embedded; people did not just grow and make things, they bought and sold, bargained and trucked. Yet there were few actual coins.
Mercantilism, Lars Magnusson believes, was at its core ‘a series of discussions that tried to grapple with a rapid developing world of commerce and the effects it had on polities and communities in Europe during the early modern period’ (p. 48).
The first thing that stands out from this study is how passionate and volcanic was E. P. Thompson’s intellectual life as a historian, Marxist thinker, and informed campaigner. He was devoted to reason. Indeed, one of the left-wing journals with which he was involved was entitled The New Reasoner.