The Merchant of Venice is About the Meaning of Value as Well as Justice.
Listener: 1 January 2000
Keywords: History of Ideas, Methodology & Philosophy; Literature and Culture;
Just as a successful television series for in one channel will generate an emulation series by a competing one, Elizabethan playwrights would take up another’s theme. Thus Christopher Marlowe’s popular The Jew of Malta elicited Shakespeare’s The Merchant of Venice. But the master transcended Marlowe, as a barbaric tale becomes a meditation on the meaning of economic and social value. The reflection appears in all sorts of places: the lead casket, Bassino’s choice which gives him Portia’s hand, requires a commitment of a considerable investment: “who chooseth me must give and hazard all he hath,” (not to mention Shylock’s ducats and Antonio’s bond). Their courting includes playful allusions to commerce (Bassino courts “by note”, a bill of exchange), as do other dialogues. The contrast in the trial scene between law and mercy might usefully be explored by those into the new subject of the relationship between economics and law. In the title role, Antonio the merchant, is contrasted with Shylock, the money-lender. Antonio makes his income from advances for risky merchant trading voyages where he gains a share of the profits or loses the advance. Shylock’s income derives from interest on loans.