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  • 20 - Papal Finances in the Middle Ages

  • from Part IV - Finance
  • Edited by Joëlle Rollo-Koster, University of Rhode Island, Robert A. Ventresca, King’s University College at Western University, Melodie H. Eichbauer, Florida Gulf Coast University, Miles Pattenden, University of Oxford
  • Book:
    The Cambridge History of the Papacy
    Published online:
    28 February 2025
    Print publication:
    20 March 2025, pp 529-555

  • Summary

    Between 500 and 1500, the economy of Europe changed considerably. The papal court saw an equally radical change in the nature of their income, their expenditure, their administration, and their financial expectations. The papal court became the jurisdictional apex of the medieval Church and a major power in European secular politics. Consequently, the income of the Roman Curia increased radically, as did their expenditure. The papacy was a religious power first and foremost. Therefore, the accounting, income, and expenditure of the popes had to correspond to a model medieval Christianity thought good; the pope should look after his flock and spend appropriately on their welfare. There were times, however, when it was not clear to the Christian world that the pope was acting in an acceptable manner, as regards finance and wealth. Bitter satires followed, and the papacy gained a reputation for extravagance. It has never fully thrown off that reputation.