Medici Money

The Medici are famous as the rulers of Florence at the high point of the Renaissance. Their power derived from the family bank, and this book tells the fascinating, frequently bloody story of the family and the dramatic development and collapse of their bank (from Cosimo who took it over in 1419 to his grandson Lorenzo the Magnificent who presided over its precipitous decline). 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. Medici Money explores a crucial moment in the passage from the Middle Ages to the Modern world, a moment when our own attitudes to money and morals were being formed.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, Atlas Books, edited by James Atlas. Atlas Books pairs fine writers with stories of the economic forces that have shaped the world, in a new genre - the business book as literature.

Lucky for Italy that Tim Parks decided to live there and write about his new home. His books instruct and entertain. His acute sense of people and history now comes to grand fruition in his tome on the Medici, a gift to anyone who has been dazzled by Florence. Splendid reading, An erudite and profound examination of the Renaissance banking family., The fabulous banking boys...fascinating and intricate., Tim Parks proves a delightful guide to both the Florentine Renaissance and the family history of one of Europe's greatest dynasties. In Medici Money he wears his considerable learning with refreshing lightness, giving us a wise and witty meditation on money, art and power, Renaissance-style, Parks brings a novelist's flair to his task and comes out as a hip and snappy narrator.

Tim Parks has lived in Italy since 1981. He is the author of eleven novels, three accounts of life in Italy, two collections of essays and many translations of Italian writers.