Benedetto Cotrugli – The Book of the Art of Trade: With by Carlo Carraro, Giovanni Favero, John Francis Phillimore

By Carlo Carraro, Giovanni Favero, John Francis Phillimore

This is the first English translation of Benedetto Cotrugli's The booklet of the paintings of Trade, a full of life account of the lifetime of a Mediterranean service provider within the Early Renaissance, written in 1458. The publication is an impassioned safety of the legitimacy of mercantile practices, and contains the 1st scholarly point out of double-entry bookkeeping. Its 4 elements concentration respectively on buying and selling strategies, from accounting to assurance, the faith of the service provider, his public existence, and kin issues.

Originally handwritten, the e-book used to be published in 1573 in Venice in an abridged and revised model. This new translation makes connection with the recent serious variation, in keeping with an past manuscript that has only in the near past been discovered.

With scholarly essays putting Cotrugli's paintings into old context and highlighting key issues, this quantity is a vital contribution to our figuring out of the origins of administration and exchange practices.

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Extra info for Benedetto Cotrugli – The Book of the Art of Trade: With Scholarly Essays from Niall Ferguson, Giovanni Favero, Mario Infelise, Tiziano Zanato and Vera Ribaudo

Example text

And now that we have dealt sufficiently with barter and commutation in this introduction, it seems the right point to move on to selling merchandise for cash. Chapter VI On Selling for Cash Since we must now, following our subject order, deal with selling, we should begin with the necessary distinctions. We will specify that one can sell in two ways, other than by barter, which we have dealt with in our preceding chapter, firstly for cash, and secondly on credit. We will deal first with the one and then with the other.

And this latter intelligence was in the natural order of things given us before proceeding with exterior actions, and it is called theoretical, which means nothing less, according to the original Greek etymology, than ‘intrinsic speculation and contemplation of things’. And having been given this intelligence as a natural instinct and means for considering any number of things, it behoves us to proceed to exterior actions, that is, to display openly for the general good of mankind what we have understood by means of that interior intelligence.

The first includes all those who cannot exercise the art without bringing discredit to themselves or without coming up against a prohibition to their so doing, which is to say, kings, princes, barons, knights, gentlemen 32 Benedetto Cotrugli – The Book of the Art of Trade and any others of noble birth to whom the practice of trade is forbidden according to the provisions of civil law, lex Nobiliores, to be found in the commercial section of the Code of Justinian, de commerciis, where it says: “We hereby forbid those of nobler birth, those who have achieved distinction for the splendour of their honours and those who have obtained great riches, to engage in harmful trade, so that the common citizen and the broker can the more easily effect their transactions”.

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