Free PDF The Rise & Decline of The Medici Bank, 1397-1494
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The Rise & Decline of The Medici Bank, 1397-1494
Free PDF The Rise & Decline of The Medici Bank, 1397-1494
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- Published on: 1601
- Binding: Paperback
Most helpful customer reviews
28 of 30 people found the following review helpful.
If you think business isn't interesting, read this
By A. J. Sutter
This was truly a life-changing book for me when I read it 25-30 years ago. Up til then I had thought of myself as a kind of Bohemian, more interested in the arts and "higher things" than anything like business. At the time I was a penniless freelance writer, working in a library job that bored me. I was attracted to the book by the Renaissance Italy theme, but what I found was quite a revelation.
The Medici engaged in some of the same sorts of sophisticated financial transactions that people use today -- including currency arbitrage and venture capital. But since the objects of the transactions were very concrete, physical things (coins, precious stones, etc.), it's easy to get a good understanding of what they were doing. That's how I got interested in business, and ultimately into a career as a corporate lawyer and venture capitalist.
I also learned that many of the familiar masterpieces of Renaissance painting in museums around the world had been commissioned by branch managers of the Medici Bank. When the Medici found out that one of their managers had commissioned a painting, they figured his head had gotten too big, and they fired him. Very entertaining history!
0 of 0 people found the following review helpful.
Academic of the highest class
By Jemuel Chandran
I've tried retrace the bank's history on my own and failed miserably quite often. But this book gave me the insight I needed in a full thesis like format. The best thing were the references, which assured me of clarity and objectivity(which I also checked against my own findings). No other book clearly defines the system and structure of the bank and the economy that it operated in like this one(coz there is literally no other book).
In my terms, this book looses one star for one good reason. The fall of the bank and it's rise as well was partly due to the involvement of the Medici in Florine, Tuscan and Papal politics. I would suggest that the author incorporate significant aspects of the political decisions affecting the bank and the lives of it's partners, as there are some occasions in the book where petty political conclusions like exile are mentioned, whereas their reason is not. This in my terms would affect badly for a reader who knows nothing of Italian renaissance politics.
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