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Sacred Trust: The Medieval Church as an Economic Firm
Robert B. Ekelund , Robert D. Tollison , Gary M. Anderson , Robert F. Hebert , and Audrey B. Davidson Manufacturer: Oxford University Press, USA ProductGroup: Book Binding: Hardcover Similar Items:
ASIN: 0195103378 |
Book Description
Without meaning to be irreverent, it is fair to say that in the Middle Ages, at the height of its political and economic power, the Roman Catholic Church functioned in part as a powerful and sophisticated corporation. The Church dealt in a "product" many consumers felt they had to have: the salvation of their immortal souls. The Pope served as its CEO, the College of Cardinals as its board of directors, bishoprics and monasteries as its franchises. And while the Church certainly had moral and social goals, this early antecedent to ATandT and General Motors had economic motives and methods as well, seeking to maximize profits by eliminating competitors and extending its markets. In Sacred Trust: The Medieval Church as an Economic Firm, five highly respected economists advance the controversial argument that the story of the Roman Catholic Church in the Middle Ages is in large part a story of supply and demand. Without denying the centrality--or sincerity--of religious motives, the authors employ the tools of modern economics to analyze how the Church's objectives went well beyond the realm of the spiritual. They explore the myriad sources of the Church's wealth, including tithes and land rents, donations and bequests, judicial services and monastic agricultural production. And they present an in-depth look at the ways in which Church principles on marriage, usury, and crusade were revised as necessary to meet--and in many ways to create--the needs of a vast body of consumers. Along the way, the book raises and answers many intriguing questions. The authors explore the reasons behind the great crusades against the Moslems, probing beyond motives of pure idealism to highlight the Church's concern with revenues from tourism and the sale of relics threatened by Moslem encroachment in the holy lands. They examine the Church's involvement in the marriage market, revealing how the clergy filled their coffers by extracting fees for blessing or dissolving marital unions, for hearing marital disputes, and even for granting permission for blood relatives to wed. And they shed light on the concept of purgatory, showing how this "product innovation" developed by the Church in the twelfth century--a form of "deferred payment"--opened the floodgates for a fresh market in post-mortem atonement through payments on behalf of the deceased. Finally, the authors show how the cumulative costs that the faithful were asked to bear eventually priced the Roman Catholic church out of the market, paving the way for Protestant reformers like Martin Luther. A ground-breaking look at the growth and decline of the medieval Church, Sacred Trust demonstrates how economic reasoning can be used to cast light on the behavior of any complex historical institution. It offers rare insight into one of the great historical powers of Western civilization, in a analysis that will intrigue anyone interested in life in the Middle Ages, in church history, or in the influence of economic motives on historical events.Customer Reviews:
Pure Perfection.......2006-10-27
The pope was both a temporal and spiritual leader-obvious!.......2004-09-08
silly book; interesting, but not serious.......2004-04-04
The authors state, on page 6, that they intend to "model the Church as a corporation that marketed and 'sold' a set of indentifiable 'products' in a rational, cost-concious, 'profit'-maximizing manner. ...[on the theory that] it improves our understanding of many complex (and seemingly irrational) historical events."
In this model, the "product" sold is "salvation", which the authors define as a "credence good", which apparently is an economic term for a product which the buyer purchases without there being an objective confirmation of its value. The Church is a so-called "M-firm", which means that it is a franchising corporation, more or less.
All fine and good, although one might argue that there is considerable value to peace-of-mind, which purchasers might know they've received or not, and which, today, represents a considerable portion of our economy in the form of Psychoanalysis, and thus we can derive a cost-comparison. However, the silliness of the book is not revealed in this moment.
First of all, although the book defines the Church as an M-firm, it does not make a consistent discrimination between "downstream" franchise profits and "upstream" profits. Indeed, in one of the very few moments when the authors actually produce numbers, they assert that the income of the "Church" was 200,000 florins in the early 15th century, plus 100,000 from control of the alum monopoly.
This is nonsense. To begin with, if this were so, it would mean that the Church, as a whole, in possession of fully 1/3 the land of Europe, had an annual income equal to 1/5th that of the Venetian Republic, and 1/3rd of that for France and less than 1/2 of that for England for the same time-period. This strikes me as highly unlikely.
What, in all likelihood, is going on here is that the authors took note of the liquid-income stream to Rome itself per annum, which, of course, was quite a bit less than the annual receipts for the entire Church. For example, it was illegal in England in the 15th Century, for specie to be exported. Therefore, all funds collected by the Church in England would not be transferred to Rome except through bills of exchange and no merchant house would likely be able to meet all the Church revenues in England, nor, given the regulation, would they be likely to want to. Moreover, it does not include all those immoveable assets like buildings, land and the commodities one can derive from land that were accruing to the Church. Since these lands were not the property of the local ecclessiastical authorities--although the usufruct of them might temporarily be--but rather really that of the Papacy, it would seem that with some research, one might be able to come to an average income of the Papacy in order to make later economic deductions. The authors make no such attempt.
Beyond this, the authors make no attempt to determine the value of the Church brand, being so important to purveyors of credence goods, as opposed to their other income-producing efforts like the products of lands, court services such as contract disputes, broadcasting (in the medieval period with low literacy rates, the church was the most effective disseminator of information or disinformation), and banking.
The authors furthermore regard the Church as a monopoly organization, and speak to its conflicts with secular authorities in this vein. While it is absolutely true that the Church came into conflict with secular authorities, the authors decide to sidestep the two most important historical events in this regard: the investiture controversy and the establishment of the Hospitallers and Knights Templar. How they could decide to ignore the two most important examples of the conflict in their study, I have no idea.
An investigation into the investiture controversy, for example, might have helped the authors deal with the question of the Church's regulation of marriage. The authors state that the 6th century Church extended the prohibition of endogamy to "marriages between fifth cousins--at a time when secular law contained no prohibitions against marraige between first cousins." (p. 93) True, but then, in the 6th Century the Church was an arm of the State, and remained so well into the investiture controversy (and in certain instances arguably until well after it). The distinction implied, therefore, between secular and ecclesiastical, only really applied to those subjects or citizens who were not Catholic. Perhaps it served to benefit Church revenues, but absolutely not at the expense of the State, which the authors define as a competitor. Indeed, in all likelihood, the prohibition was imposed at the behest of the State.
There are too many examples of this type of unseriousness to mention here. I seriously doubt whether the authors submitted their manuscript for review by a serious scholar of the medieval period or, if they did, I imagine that they decided to publish without taking into consideration his observations. They explicitly state that the work is not exhaustive, but, if Henri Pirenne could put together a serious work about the economy of medieval Europe in under 200 pages, I imagine they could about the economy of the Catholic Church.
In short, should you have the time for a mildly entertaining short work which suggests a number of irreverant ways of looking at the Church's economy without providing convincing cases for any of them, this is the book for you. I wish that a serious economic historian, someone as astute as Carlo Cipolla for example, would take a look into the issues presented by Sacred Trust, because they are certainly worth serious investigation. The authors apparently did not feel it was worth the effort.
It does contain a fairly useful bibliography, on the other hand.
Ground-breaking and paradigm-shifting.......2003-01-22
Note to historians: do not be discouraged -- it is possible to ignore the annoying MLA format.
An Excellent Exploration in Religion and Economics.......1998-03-24
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Sacred Trust: The Medieval Church as an Economic Firm.: An article from: Journal of Church and State
Davusm Derek H. Manufacturer: J.M. Dawson Studies in Church and State ProductGroup: Book Binding: Digital ASIN: B000985F62 Release Date: 2005-07-28 |
Book Description
This digital document is an article from Journal of Church and State, published by J.M. Dawson Studies in Church and State on January 1, 1998. The length of the article is 637 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
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The Merlin factor: Keys to the corporate kingdom
Charles E Smith Manufacturer: Kairos Productions ProductGroup: Book Binding: Paperback ASIN: 0964768704 |
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Designing an Agricultural Genome Program (Compass Series)
National Research Council Manufacturer: National Academies Press ProductGroup: Book Binding: Paperback ASIN: 0309060397 |
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Evolution and Creationism in the Public Schools: A Handbook for Educators, Parents and Community Leaders
Angus M. Gunn Manufacturer: McFarland & Company ProductGroup: Book Binding: Paperback ASIN: 0786420022 |
Book Description
In United States public schools, the content being taught in all subjects is determined by specialists who have the expertise necessary for the task. Parents don't insist on their opinions being part of curricular decisions. History, mathematics and literature classes, for example, generally enjoy full acceptance by parents and others. The science curriculum, however, is unique in that it has faced long-time opposition that shows little sign of lessening. Most notably, a controversy has arisen around biological evolution.Part history and part handbook, this carefully neutral work examines the origins of the opposition to biological evolution, its long and deep-seated history, and the reasons why it hasn't been resolved. Key termsincluding creationism, evolution, intelligent design, and theory, among othersare defined at length, and erroneous understandings are addressed. Solutions are suggested so that the energies of school administrators and teachers may focus on their main task, the improvement of learning. State-by-state science standards are covered, and several models for biological science curricula are offered. Presented in a highly readable style, this study is intended for use by students, parents, teachers, school administrators, and community leaders alike, as well as others interested in the controversy.
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EVOLUTION AND CREATIONISM IN THE PUBLIC SCHOOLS: A HANDBOOK FOR EDUCATORS, PARENTS AND COMMUNITY LEADERS.
Angus M. Gunn Manufacturer: McFarland & Co., ProductGroup: Book Binding: Hardcover ASIN: B000N7JYY8 |
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Bio-Medical Telemetry: Sensing and Transmitting Biological Information from Animals and Man
R. Stuart MacKay Manufacturer: Institute of Electrical & Electronics Enginee ProductGroup: Book Binding: Paperback ASIN: 0780310284 |
Book Description
Bio-Medical Telemetry: Sensing and Transmitting Biological Information from Animals and Man, Second Edition This second edition of the classic Mackay text provides scientists with the necessary tools for studying animal or human subjects without interfering with normal behavior patterns. It presents engineers, scientists, and physicians with critical information about the possibilities and limitations of telemetering methods so that these may be incorporated intelligently into many fields. With substantial coverage of transducers and physiological measurements, Bio-Medical Telemetry gives biologists the necessary background in electronics to enable them to choose equipment wisely and to recognize proper performance.You'll find especially valuable and current information on:
Of great value to the bio-medical engineer as well as any reader curious about the subject, this volume describes the workings of the human nervous system as seen through the eyes of an engineer. With a broad scope and inviting writing style, it provides a fascinating alternative to the unwieldy sources written by life scientists.
Customer Reviews:
Great!.......2007-01-14
Excellent material in biotelemetry.......2000-04-23
Although some of the material described in the book may be obsolote for today's technology, the priciples and approaches still remain quite valid. In any case, this book provides an excellent explanation of telemetry approaches, and those readers interested in finding more technologically modern solutions will be able to transplant the situations described in this book to today's technology. To my knowledge, there is not a similar book in the market today that substites this text.
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Bio-medical Telemetry: Sensing and Transmitting Biological Information From Animals and Man
Manufacturer: John Wiley & Sons ProductGroup: Book Binding: Hardcover ASIN: B000M52HWM |
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Karate Jutsu: The Original Teachings of Gichin Funakoshi
Gichin Funakoshi Manufacturer: Kodansha International (JPN) ProductGroup: Book Binding: Hardcover Similar Items:
ASIN: 4770026811 |
Book Description
Gichin Funakoshi is considered the father of modern karate. In the 1920s, he wrote the first of several classic karate texts, culminating his career with the publication of Karate-do Kyohan, which remains among the most important and influential works on karate today.The Kyohan, however, evolved from Karate Jutsu, a much earlier work. In the formative writings of the Jutsu, Funakoshi set out the philosophy and forms that he would practice and refine for the rest of his life.
As the Kyohan's earliest version, Karate Jutsu has attained legendary status. Legions of enthusiastic martial arts practitioners have sought out the original Japanese version, and pirated English-language editions have circulated for years.
This is the first official English publication of Karate Jutsu. Translator John Teramoto has gone to great lengths to accurately convey the essence of Funakoshi's original manuscript, and has contributed an informative introduction and revealing footnotes that clearly note where the forms in Jutsu vary from those of the Kyohan. Karate Jutsu also includes rare historical photographs of Funakoshi himself demonstrating the kata, his early writings in their original form, and a foreword by Tsutomu Ohshima, the founder and chief instructor of the Shotokan Karate of America.
Customer Reviews:
Shoto-Kan / Tang Soo Do connection.......2007-01-08
Shotokan-.......2006-01-30
Better than To-te Jutsu.......2005-02-27
A MUST READ FOR TANG SOO DO STUDENTS.......2002-10-18
John Hancock
President
International Tangsoodo Alliance
STUDENT OF GICHIN.......2002-03-30
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Genki II: An Integrated Course in Elementary Japanese II
Manufacturer: Varsitybooks.Com ProductGroup: Book Binding: Paperback Similar Items:
ASIN: 4789009823 |
Book Description
Published in Japan, Genki gives a beginning student of Japanese a solid grounding in all four language skills: listening, speaking, reading, and writing. Packed with easy-to-understand grammar explanations, a variety of exercises full of illustrations, and scenes taken from everyday life, the 23 lessons will have students enjoying the often tedious beginning stage of Japanese-language learning and will enable them to acquire a well-balanced ability to communicate in elementary Japanese.Customer Reviews:
Well Thought-Out Beginners' Course for English Speakers.......2007-05-23
Disappeared?.......2006-08-04
I love this part as well!!.......2006-02-18
It was great for me!.......2006-01-09
Not great, not awful........2003-12-08
The good: Lots of useful vocabulary, easy to understand for the most part, "bonus" pages of real-life grammar usage at the end of each lesson, lots of exercises to practice the grammar forms, the kanji sections are well-done.
The bad: Very inadequate grammar explanations (many students in my class had no idea *why* they were using certain grammar, or what it actually meant), poor coverage of grammar forms (i.e., they teach you half of the things you can do with a grammar form, but completely skip the other usages), the coversations at the beginning of each chapter have little to no practical use.
I think that this textbook could only be used effectively in a classroom setting, with a teacher to provide more thorough explanations and grammar examples. In my past experience with other textbooks, I've had to memorize a great deal of conversations and sentence structures (all of which turned out to be extremely useful, despite the tediousness), but with Genki, it leaves you somewhat underprepared to use the knowledge you've gained for anything deeper than low-level conversation.
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Brushstroke and Free-Style Alphabets: 100 complete fonts
Dan X. Solo Manufacturer: see notes for publisher info ProductGroup: Book Binding: Hardcover ASIN: B000OMVHTW |
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