Medici Money: Banking, Metaphysics,
and Art in Fifteenth-Century Florence
(Enterprise) by Tim Parks
Fascinating!
“A swift and brilliant synthesis of finance, politics, and history.”—Ben
Sisario, New York Times Book Review Before they achieved renown as
patrons of the arts and de facto rulers of Florence, the Medici family
earned their fortune in banking. But even at the height of the
Renaissance, charging interest of any kind meant running afoul of the
Catholic Church’s ban on usury. Tim Parks reveals how the legendary
Medicis—Cosimo and Lorenzo “the Magnificent” in particular—used the
diplomatic, military, and even metaphysical tools at hand, along with a
healthy dose of intrigue and wit, to further their fortunes as well as their
family’s standing. .
Personal Review: Medici Money: Banking, Metaphysics, and Art
in Fifteenth-Century Florence (Enterprise) by Tim Parks

Tim Park's subtle observations are so incredibly insightful: He explained
the world of the Medici in terms of what is applicable today, many centuries
later. What surprised me was how similar their environment was to that of
the current time -- Technology has changed dramatically, of course, but
people basically behave the same. And for the same reasons.
It was also quite interesting how the banking business had to function in
that era before the development of accounting rules, legal systems,
communication networks, etc. Successful banking depended on some
very resourceful leadership with a lot of "street wisdom." Our modern
systems came from the base of the Medici's world, and I found this history
to be most interesting.
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