The Land Commenda in the Late Medieval Crown of Aragon and the Rise of a ‘Democratic’ Investment Culture

This paper presents evidence for the use of the ‘commenda’ contract as a means of investment and accumulating entrepreneurial capital in the Bages region of Catalonia during the later thirteenth and fourteenth centuries. This use of a ‘land commenda’ in eastern Iberia is at present known only to a...

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Main Author: Jeff Fynn-Paul
Format: Article
Language:English
Published: openjournals.nl 2018-01-01
Series:Tijdschrift voor Sociale en Economische Geschiedenis
Subjects:
Online Access:https://acc.openjournals.nl/tseg/article/view/8212
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author Jeff Fynn-Paul
author_facet Jeff Fynn-Paul
author_sort Jeff Fynn-Paul
collection DOAJ
description This paper presents evidence for the use of the ‘commenda’ contract as a means of investment and accumulating entrepreneurial capital in the Bages region of Catalonia during the later thirteenth and fourteenth centuries. This use of a ‘land commenda’ in eastern Iberia is at present known only to a few specialists, but it might have been more widespread and deserves further study. The land commenda helped fuel the commercial boom in Catalonia in the decades around 1300. It was often utilized by smaller investors and modest entrepreneurs, and helped mobilize capital from a broad spectrum of Catalans. The chronology of land commenda use suggests that as interest rates declined in the later fourteenth century, and as new instruments were developed, smaller investors’ savings were left underutilized.  
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spelling doaj.art-4cb295f610c04bbf93ab24370197f0722022-12-21T23:33:22Zengopenjournals.nlTijdschrift voor Sociale en Economische Geschiedenis1572-17012468-90682018-01-01143The Land Commenda in the Late Medieval Crown of Aragon and the Rise of a ‘Democratic’ Investment CultureJeff Fynn-Paul0Leiden University, History Department This paper presents evidence for the use of the ‘commenda’ contract as a means of investment and accumulating entrepreneurial capital in the Bages region of Catalonia during the later thirteenth and fourteenth centuries. This use of a ‘land commenda’ in eastern Iberia is at present known only to a few specialists, but it might have been more widespread and deserves further study. The land commenda helped fuel the commercial boom in Catalonia in the decades around 1300. It was often utilized by smaller investors and modest entrepreneurs, and helped mobilize capital from a broad spectrum of Catalans. The chronology of land commenda use suggests that as interest rates declined in the later fourteenth century, and as new instruments were developed, smaller investors’ savings were left underutilized.   https://acc.openjournals.nl/tseg/article/view/8212Medieval historycommendaentrepreneurshipinvestmentsManresa (Spain)
spellingShingle Jeff Fynn-Paul
The Land Commenda in the Late Medieval Crown of Aragon and the Rise of a ‘Democratic’ Investment Culture
Tijdschrift voor Sociale en Economische Geschiedenis
Medieval history
commenda
entrepreneurship
investments
Manresa (Spain)
title The Land Commenda in the Late Medieval Crown of Aragon and the Rise of a ‘Democratic’ Investment Culture
title_full The Land Commenda in the Late Medieval Crown of Aragon and the Rise of a ‘Democratic’ Investment Culture
title_fullStr The Land Commenda in the Late Medieval Crown of Aragon and the Rise of a ‘Democratic’ Investment Culture
title_full_unstemmed The Land Commenda in the Late Medieval Crown of Aragon and the Rise of a ‘Democratic’ Investment Culture
title_short The Land Commenda in the Late Medieval Crown of Aragon and the Rise of a ‘Democratic’ Investment Culture
title_sort land commenda in the late medieval crown of aragon and the rise of a democratic investment culture
topic Medieval history
commenda
entrepreneurship
investments
Manresa (Spain)
url https://acc.openjournals.nl/tseg/article/view/8212
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