economics

Some twenty years’ accounts kept on behalf of a Burgundian landlord, of 5 métayer tenant farmers, who farmed on his land, with his resources, in exchange for a share (notionally a half) of the profit. These were principally livestock farmers raising cattle and sheep, so the accounts provide interesting first-hand details of the economics of the French meat and wool industries of the period. All the farmers are named on the title-page, but Isac Lebeuf’s farm was run after his death by his widow, Marie, so the account for 1736 is in her name. Prices are given for animals bought as stock and then sold to butchers or sheared and the fleeces sold. The accounts give a very clear and intelligible picture of the initial capital of each farm, of introduced stock, of running costs and of the shares of yearly profits.

An expanded version of Maddison’s Englands looking in and out (1640). Maddison, a forward looking and enterprising landlord was a vocal advocate for the regulation of the money markets, arguing that foreign exchangers and unscrupulous merchants had devalued the currency for personal gain. He developed his ideas in the work above mentioned to include the demand that an accurate account be kept and made available of the balance of trade. “In 1655 he published an updated version of his 1640 tract entitled Great Britain's remembrancer, looking in and out; tending to the increase of the monies of the Commonwealth. Presented to his highness the lord protector and to the high court of parliament now assembled (1655). His recent experience of office can account for new calls for a bank, a council for the mint, and free ports, but his general economic views remained unchanged” (ODNB). Wing M245.