Matching Supply to Demand: Crop Production and Disposal by English Demesnes in the Century of the Black Death

Bruce M. S. Campbell

The Journal of Economic History, 1997, vol. 57, issue 4, 827-858

Abstract: Manorial accounts allow detailed investigation of the market involvement of medieval seignorial demesnes. Production decisions taken locally emerge as strongly, if indirectly, influenced by the market. Disposal decisions, in contrast, were much more a matter of estate policy and therefore of institutional factors. Probably because of differential transaction costs, many lords preferred to provision their households directly from their estates rather than sell the bulk of their produce and purchase most of their provisions. The forces promoting commercialization within the seignorial arable sector appear to have been stronger at the opening than the close of the fourteenth century.

Date: 1997
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