Natural and money economy in medieval Norway

Abstract

The aim of this paper is to challenge some of the established views on monetary and economic aspects of medieval Norwegian history. This challenge is not only based on a different understanding of the evidence, but also on new interpretations of documentary and numismatic evidence. Contrary to what has been the general understanding I argue that money was available, and it was, in longer periods of time, available within a framework of a well organized monetary system with large coinages. In the second half of the 12th century, coins became distributed and used among a larger group of people in rural areas than ever before. In market places and towns, money economy was emerging in the 11th and 12th, and probably seen partly in effect in the 13th and 14th century. If we accept the evidence for coinage and the use of money as being widely distributed, or even accept it partly, it opens up a range of new perspectives to use as starting points for understanding medieval monetary and economic history in Norway.