This book traces the developing economy of medieval Wales across roughly two hundred years of English conquest and colonization, and more than two centuries of post-conquest occupation, ending with the 1536 union of England and Wales. It details the growth of the market economy and the creation of towns.

This book surveys the economy of Wales from the first Norman intrusions of 1067 to the Act of Union of England and Wales in 1536. Key themes include the evolution of the agrarian economy; the foundation and growth of towns; the adoption of a money economy; English colonization and economic exploitation; the collapse of Welsh social structures and rise of economic individualism; the disastrous effect of the Glyndwr rebellion; and, ultimately, the alignment of the Welsh economy to the English economy. Comprising four chapters, a narrative history is presented of the economic history of Wales, 1067-1536, and the final chapter tests the applicability in a Welsh context of the main theoretical frameworks that have been developed to explain long-term economic and social change in medieval Britain and Europe.