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The English Urban RenaissanceCulture and Society in the Provincial Town 1660-1770$
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Peter Borsay

Print publication date: 1991

Print ISBN-13: 9780198202554

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780198202554.001.0001

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The Economic Foundations

The Economic Foundations

Chapter:
(p.199) 8 The Economic Foundations
Source:
The English Urban Renaissance
Author(s):

Peter Borsay

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780198202554.003.0008

This chapter examines the socio-economic foundations of the Urban Renaissance in Britain. Two interrelated factors of economics are discussed: the flow of wealth or demand, and the means of production or supply. Commerce, agriculture, and industry flourished sharply during this period and these changed the shape of the nation's economy. The prosperity that was generated gave new flows of wealth and it reshaped a whole pattern of consumption. The products and facilities of the Urban Renaissance were luxurious in nature and the demand for high-status cultural goods depended upon surplus wealth. In addition, the emergence of a leisure and luxury industry depended upon the supply of entrepreneurial skills. These new industries paved the way for the discovery and development of several ambitious men of relatively low social background.

Keywords:   socio-economic foundations, economics, wealth, demand, production, supply, luxury, consumption

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