Get Benedetto Cotrugli – The Book of the Art of Trade : With PDF

By Carlo Carraro, Giovanni Favero, John Francis Phillimore

ISBN-10: 3319399683

ISBN-13: 9783319399683

ISBN-10: 3319399691

ISBN-13: 9783319399690

This is the 1st English translation of Benedetto Cotrugli's The booklet of the artwork 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 protection of the legitimacy of mercantile practices, and contains the 1st scholarly point out of double-entry bookkeeping. Its 4 components concentration respectively on buying and selling thoughts, from accounting to coverage, the faith of the service provider, his public existence, and relatives concerns.

Originally handwritten, the e-book used to be revealed in 1573 in Venice in an abridged and revised model. This new translation makes connection with the hot severe version, in line with an past manuscript that has just recently been discovered.

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

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Read or Download Benedetto Cotrugli – The Book of the Art of Trade : With Scholarly Essays from Niall Ferguson, Giovanni Favero, Mario Infelise, Tiziano Zanato and Vera Ribaudo PDF

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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 as a readily understandable demonstration of our discipline is best achieved by examples, we will take a case that demonstrates the usefulness, indeed the necessity of barter. Florentine merchants frequently take their cloth and fine fabrics down to the Kingdom of Sicily to sell for cash, and it often happens that they cannot find ready payment for their goods, particularly those that can only be sold on over a long period; these merchants, finding themselves in Sicily with their goods, and desiring to dispose of them but not managing to do so for cash, in order not to lose time or render the journey fruitless, have to decide on some local product that they can take in exchange which will have a better chance of being sold advantageously in their native city than their own cloths and fabrics, were they to take them back.

You may think to ruin some poor sap with old and shoddy merchandise, and he may be thinking to avoid payment, and is buying only as a last resort: but if he goes bankrupt, so will you. The wise merchant therefore will always be wary of extending credit to men in a great hurry to buy even on disadvantageous terms, without regard for the true value of the merchandise. And as soon as one such arrives on your doorstep, even if his credit seems to be good (f. 19), steer well clear of him, and look on him as already a failed bankrupt, or sure soon to become so.

And if it were to be objected that all this could be done instead with ready money, (f. 17’) the answer that this would be utterly impossible for the shortage of cash in these times among the Christian nations, which is insufficient for even day-to-day transactions; nor is the amount in circulation increased by the addition of the foreign goods we obtain from the above-mentioned barbarian peoples. From all of which it is evident that credit selling, for all its origin, as we have said, being the simple lack of ready money, has none the less proved so useful to merchants that without it the art of trade could hardly be carried out, nor households nor cities remain solvent.

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Benedetto Cotrugli – The Book of the Art of Trade : With Scholarly Essays from Niall Ferguson, Giovanni Favero, Mario Infelise, Tiziano Zanato and Vera Ribaudo by Carlo Carraro, Giovanni Favero, John Francis Phillimore

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