Skip to main content Accessibility help
×
Hostname: page-component-848d4c4894-2xdlg Total loading time: 0 Render date: 2024-06-30T12:12:13.048Z Has data issue: false hasContentIssue false

5 - The price of victual and needful merchandise

Published online by Cambridge University Press:  23 September 2009

Elizabeth Gemmill
Affiliation:
University of Oxford
Nicholas Mayhew
Affiliation:
University of Oxford
Get access

Summary

This study is based upon a detailed listing of individual Scottish prices, but the evidence thus accumulated requires some degree of organization and analysis if it is to be more readily understood. Accordingly, each commodity is considered below in turn, and the more reliable prices have been averaged in chronological periods to reveal the likely trends for each commodity more easily. By the 1460s these averages fall readily into ten-year periods, but before that date the incidence of the data varies from one commodity to another, so in the tables and graphs which follow it is important to note the time periods covered by each grouping before 1460. It is also important to realize that for the thirteenth and fourteenth centuries the numbers of individual prices behind these mean figures are often lamentably small.

Before Scots debasement begins in 1367 prices in England and Scotland can be compared directly with one another, without currency exchange complications. In the discussion which follows there is a table setting out such an Anglo-Scottish price comparison for the period before 1367 for most commodities. After 1367 Scots mean prices are calculated both in actual money terms, and after adjusting the money price to allow for Scottish debasement producing a figure more directly comparable with English money and prices. In fact in the absence of information about the exact nature of the coins involved in any payment this process can never be more than a most approximate correction. Nevertheless, the value of the Anglo-Scottish comparison is such that the process seems worthwhile despite the inevitable inaccuracies it may entail.

Type
Chapter
Information
Changing Values in Medieval Scotland
A Study of Prices, Money, and Weights and Measures
, pp. 143 - 360
Publisher: Cambridge University Press
Print publication year: 1995

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Save book to Kindle

To save this book to your Kindle, first ensure coreplatform@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×