They Are the Treasure of the Commonwealth: Franciscan Charisma and Merchant Culture in Medieval Barcelona

Since the beginning of the twentieth century, it has been a truism that the emergence of Protestantism was the main cause of the development of capitalism. However, a careful analysis of primary sources, especially in Latin countries, shows a quite different reality. Three centuries before the emergence of Protestantism, the Franciscans generated a discourse that made it possible to begin to legitimize the commercial practices that would later enable the emergence of capitalism. Based on these premises, this article aims to explore the discursive and juridical primary sources of medieval Barcelona—especially the testimonies of the Franciscan intellectual Francesc Eiximenis and merchant wills—to provide relevant new data and interpretations of how Franciscan charisma brought about a better understanding and legitimization of mercantile work. I intend to use the concept of charisma to better understand the great paradox of how those who aspired to a life of extreme poverty—the Franciscans—succeeded in legitimizing the work of those who aspired to a comfortable life, namely, the emerging merchant group. The merchants provided the Franciscans with the material capital necessary for their establishment in the city, while the Franciscans granted the merchants symbolic capital that was indispensable for the development of their mercantile work, social recognition, and religious legitimacy.