ARCHAEOLOGY, ECONOMICS AND EARLY MEDIEVAL EUROPE

This paper assesses the contribution Richard Hodges has made to the archaeological study of the early medieval economy. After a review of methodology, three themes are considered: reciprocal exchange; the emporia; and regions and markets. The nature of exchange may be more complex, and more difficult to characterise, than Hodges allows. It is argued that the role of the king in exchange has been exaggerated, particularly with regard to Dorestad, while the extent to which inland regions and inland ports were involved in exchange may have been underestimated; this has led to a false appreciation of the emporia. Further work is needed to characterise the economy of the regions of early medieval Europe.