Product Description

The Medici faced two apparently insuperable problems: how did a banker deal with the fact that the Church regarded interest as a sin and had made it illegal? How in a small republic like Florence could he avoid having his wealth taken away by taxation? But the bank became indispensable to the Church. And the family completely subverted Florence's claims to being democratic. They ran the city. To read this book is to understand how much the Renaissance has to tell us about our own world. Medici Money is one of the launch titles in a new series, Enterprise, edited by James Atlas. Enterprise pairs fine writers with stories of the economic forces that have shaped the world, in a new genre - the business book as literature.

Product Details

• Amazon Sales Rank: #4189188 in Books
• Published on: 2005-05-26
• Original language: English
• Binding: Hardcover
• 224 pages

From Publishers Weekly
Starred Review. The Renaissance, so often seen as a clean break with the medieval past, was really an age of creative ambivalence and paradox. In this marvelously fresh addition to the Enterprise series, Parks, author of the Booker-listed Europa and a literary observer of modern Italian life, turns to Florence and to a particularly compelling contradiction. The spirit of capitalist enterprise that fostered cultural originality and underpinned patronage was accompanied by a Christian conviction that money was a source of evil and that usury was a damnable spiritual offense. In the space where this cultural conflict plays out, sometimes as stylized as one of Lorenzo Il Magnifico's tournaments, sometimes as life-threateningly fiery as Savonarola's sermons against worldly vanities, we find a world both akin to our own and almost incomprehensibly distant. Parks is a clear-eyed guide to the ambiguities of Florentine culture, equally attentive to the intricacies of international exchange rates, the spiritual neurosis about unearned income, the shocking bawdiness of Lorenzo's carnival songs and the realpolitik of 15th-century power. His prose is swift and economical, cutting to the chase. Like the Medici-commissioned funerary monument for the anti-Pope John XXIII, the effect is startlingly vibrant, resembling "those moments in Dante's Inferno when one of the damned ceases merely to represent this or that sin and becomes a man or woman with a complex story, someone we are interested in, sympathetic towards." (May)
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.

From Booklist
Parks displays a keen observance of people's complexities and malleable motives in this account of the fabled Medici dynasty of Renaissance Florence spanning 1397-1494. The Medicis rise in banking and dissipate as succeeding generations neglect the ledger book and devote themselves to art and politics; indeed, one of the last Medicis, Lorenzo, dubbed the Magnificent, should have been called the Bankrupt. Parks effects a worldly, shoulder-shrugging tone to his descriptions of passing subterfuges as the Medicis maneuver through the snake-pit of fifteenth-century Italy. Their prime problem was the church's prohibition of usury, but the Medicis' acumen in circumventing sin created a second dilemma--warding off political poaching of their fortune, which they surmounted by taking over the Florentine republic through chicanery. As rulers, they inherit a third difficulty: Florence's survival in international politics. But the Medicis come to grief in a French invasion. Is there anything new under the sun when money mixes with politics and religion? Parks' marvelously entertaining history suggests there might be. Gilbert Taylor
Copyright © American Library Association. All rights reserved

Review
A delightful guide to both the Florentine Renaissance and the family history of one of Europe's greatest dynasties. -- Ross King, author of Brunelleschi's Dome

A gift to anyone who has been dazzled by Florence. Splendid reading. -- Frances Mayes

Customer Reviews

A well-written history book (for a change)!
The focus of the book is the rise, and fall, of the Medici bank, rather than the Medici themselves. However, the former explains a lot about the latter. It takes you through the founding of the business, as a not-wholly reputable business conducted by merchants and sailing very close to the winds of usury, to the over-stretching of the bank and its demise. However, by this time, the Medici had become indispensible to the financing of wars, which had enabled them to become politically very powerful. Ironically, they could now afford to neglect the very business that had initially been responsible for their power and concentrate on dynastic marriages among the nobility of Europe (by the sixteenth century, Marie and then Catherine de Medici had become queens of France).

Along the way, the reader is introduced to the scions of the Medici family, including the two best known, Cosimo (also styled pater patriae) and Lorenzo (il magnifico) and something about their patronage of the arts at the time of the Italian renaissance. Concentrating on the running of the bank, the book has fascinating insights, such the significance of natural cash imbalances in different parts of the banking empire and what thet meant for the business when it was highly risky to physically transport gold coin from one location to another in Europe.

Medici Money was well-written, easy to read and most enjoyable. Naturally, it was writen by an author, not a professional historian. Don't expect a dry, academic book with every statement footnoted to sources. Do expect the author to sometimes interject his opinions and to make statements without backing them up (we just have to trust that he has done his research thoroughly). That's a trade-off, of course, but one I would like to see occur more frequently. The non-specialist reader may well learn more about history in this way and, most importantly, be encouraged to explore history further.

Bravo, Tim Parks! It's made me want to explore your novels.

An Engaging Read
I've only read two of Tim Parks books: "Italian Neighbors" and "Italian Education". I loved both of them. I like his nonchalant style which takes the reader right to the point.
"Medici Money" was a good surprise. I had never read anything about the most famous family in Florence, so this book was a good introduction to the fortunes and misfortunes of the power and money hungry Medicis. Because I don't have a background in economics, some parts were a little more difficult to grasp for me, but otherwise it was a witty account of the Medici's bank rise and fall. I only wished it had more on the metaphysics aspect of Renaissance life and how it related to banking. I also think the book would benefit if it had more illustrations and a better genealogy table (some dates were different from the text). Overall it was a pleasant and informative read. I specially liked his suggestions in the bibliography. In sum, I enjoyed the book very much and if you're interested in learning a bit more about Renaissance and the Medici, it's a good start.

Fascinating Medieval Financial Machinations
If your knowledge of the Medici family begins and ends with their patronage of Renaissance artists, sharp-penned writer Tim Parks has some revelations to share. True, the Medicis used the wealth they amassed from their bank to turn Florence, Italy, into the Mecca of fifteenth-century culture. Yet, the Medici clan also perfected the arts of vanquishing foes and allying with the rich and powerful to gain a stranglehold on political power - all in bold-faced defiance of Catholic Church doctrine. The Vatican held that paying or collecting so much as a penny of interest was a mortal sin. Parks' book shows you what the Medici made of that, and his arch, witty style is a joy to read. Perhaps the only caution is that this history is more a study of the spiritual and social history of Florence than a guide to the Medicis' business successes and failures. We recommend this history to anyone interested in the intersection of money, politics and religion.