Article: Cradle of capitalism; Renaissance Florence.(The Economy of Renaissance Florence)(Book review)

RICHARD GOLDTHWAITE has served a long apprenticeship. As a dedicated student of the economy of Florence between the 13th and 16th centuries, he has published studies of the city's buildings and banks, its private wealth and the demand for its art. Now he has stood back and produced a magisterial history which brings all the strands of the story together and becomes, among its other virtues, a persuasive account of early capitalism.

Florence became one of medieval and Renaissance Europe's great industrial cities. Its principal resource was the river, the fast-flowing Arno, which provided power and water for industry and access to the sea for imports and exports. ...

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