BG: Medici Money: Banking, Metaphysics, and Art in Fifteenth Century Florence, Tim Parks

February 2024

Book Group: Medici Money: Banking, Metaphysics, and Art in Fifteenth Century Florence, Tim Parks, 2005.

My initial impression, after one chapter, is that it will be a pretty straightforward read – it is not clear to me if it will be anything other than a slightly-dramatized history of the Medici’s. Parks is not a historian, cites no references, and has a 4-page “Bibliographic Note” which makes it clear that he doesn’t think much of academics. All this does not make me optimistic.

Final impression: My initial impression was accurate, but I did learn some very general things.

Most interesting was to understand how chaotic the Italian City States were at the time.
- There were continual wars conducted by mercenary armies; citizens were taxed to support the wars, and some smaller towns were sometimes looted or ravished, but mostly the wars didn’t involve civilians
- Many governments were nominally ‘elite republics’ that were governed by councils of members of powerful families, but in practice it appears that one family would typically be in power, and would uses a combination of nepotism and favoritism to stay in power.
- Italy consisted of five power centers that were continually shifting alliances: Naples in the south, Rome farther north, and then Milan, Florence and Venice. When one would become dominant, a couple others would enter an alliance against ti.
Also of interest was the way banks worked
- While banks loaned money and effectively collected interest, that counted as usury and so they used various facades to avoid the appearance of usury
- Banks also needed to participate in trading to create means of getting repayment for their investments
- Bankers also, apparently because they were really concerned about their souls, cultivated close relationships with the catholic church to achieve absolution.
As time went on
- the Church became more and more corrupt, and became of less use as a way of allowing bankers to ‘purify’ themselves by association
  - bankers, in an effort to cultivate a high social status, made more and more loans to princes and others who could not be counted on to repay them in anything but social capital.
  - the generations of Medici morphed from
    (1) just bankers who kept a low social profile (e.g., Giovani),
    (2) bankers and behind-the-scenes political operators (e.g.,Cosimo);
    (3) primarily politicians and elite patrons with little compentence in banking (e.g., Lorenzo)

w/CS: Elixir: A History of Water and Humankind*, Brian Fagan

November 2023…

*Elixir: A History of Water and Humankind, Brian Fagan. Reading with CJS.

Comment after finishing seven chapters:
There is interesting material here, and I am happy to be reading it. However, the writing is not grea: it is difficult to follow if you are really trying to get a deep sense of what is going on.

The same date is sometimes referred to as 4,000 BCE, 6,000 years ago, or a millennia after another event. I can do the math, but pausing to do so drops me out of the flow of the text.
The maps helpfully included in the chapters lack many of the places referred to in the text: Where are the Taurus mountains? Are they the same as the mountains near Cudi Dag (not shown on the map either). Clearly, neither writer nor editors ever tried referring to the associated map…
Places are also referred to with different names: The Lands of Enlil; Southern Mesopotamia; the lands to the south of modern-day Bagdad; the Fertile Crescent refer, I think, to the same area. But it is difficult to be sure.
Often it is unclear what the relationship between sequential examples are — are they supposed to reinforce one another, or complement one another, or are they being presented for some other reason? Sign-posting would be really helpful.

Preface

The three themes of this book are (1) gravity and its fundamental impact on the flow of water; (2) the relationship between ritual and water management; and (3) sustainability. One point the book will take up is the way in which the invention of the mechanical pump transformed the mining and movement of water.

The book takes an anthropological perspective, closely examining the relationships between water technologies and human usage and management practices, and looking at the role rituals play. It looks at both historical examples — even reaching into the deep past where the primary source of information is archeological work — and present day examples. And of course the book addresses the ongoing crisis in water sourcing and distribution, and the question of sustainability.

Preface

Chapter 1