A Stake in the Ground: Jews and Property Investment in the Medieval Crown of Aragon
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In 'A Stake in the Ground', Michael Schraer explores the economic functions of real estate amongst the Jews of the medieval crown of Aragon. He challenges the view of medieval Jews as primarily money-lenders and merchants, finding compelling evidence for extensive property trading and investment. Jews are found as landlords to Christian tenants, transferring land in dowries, wills and gifts. Property holdings were often extremely valuable. For some, property was a major part of their asset portfolios. Whilst many property transactions were linked to the credit boom, land also acted as a liquid and tradeable investment asset in its own right. This is a key contribution to the economic history of medieval Iberia and of medieval Jews. Acknowledgements vii List of Figures and Tables viii Abbreviations x Orthography xi Currencies, Land Areas and Weights and Measures xii Glossary xiv 1. Introduction 1 Part 1. Jews as Property Investors: The Evidence 2. Property Rights 29 3. Jews in the Market for Land 58 4. Lords of the Land? Jews as Rentiers and Cultivators 98 5. Dowries, Wills and Gifts: Property and the Transfer of Wealth 120 6. The Link between Credit and Land 149 Part 2. Property and the Jewish Economy 7. The Economic Case for Property: Asset Choices, Risk and Return 169 8. Credit and Property in the Wealth of the Jews 198 9. Postscript 236 Appendix 1: Currencies and Equivalences 243 Appendix 2: Land Areas, Weights and Measures in the Archival Sources 246 Bibliography 251 Index 270
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