- Days left

Shakespeare Was a Ruthless Businessman, Scholars Reveal

By JILL LAWLESS

LONDON -- Hoarder, moneylender, tax dodger -- it's not how we usually think of William Shakespeare.

But we should, according to a group of academics who say the Bard was a ruthless businessman who grew wealthy dealing in grain during a time of famine.

Researchers from Aberystwyth University in Wales argue that we can't fully understand Shakespeare unless we study his often-overlooked business savvy.

"Shakespeare the grain-hoarder has been redacted from history so that Shakespeare the creative genius could be born," the researchers say in a paper due to be delivered at the Hay literary festival in Wales in May.

Circa 1600, English dramatist and poet William Shakespeare (1564 - 1616) ponders his next work. (Photo by Stock Montage/Getty Images)
Getty ImagesA painting of English dramatist and poet William Shakespeare (1564 - 1616) pondering his next work. Circa 1600.

Jayne Archer, a lecturer in medieval and Renaissance literature at Aberystwyth, said that oversight is the product of "a willful ignorance on behalf of critics and scholars who I think -- perhaps through snobbery -- cannot countenance the idea of a creative genius also being motivated by self-interest."

Archer and her colleagues Howard Thomas and Richard Marggraf Turley combed through historical archives to uncover details of the playwright's parallel life as a grain merchant and property owner in the town of Stratford-upon-Avon whose practices sometimes brought him into conflict with the law.

"Over a 15-year period he purchased and stored grain, malt and barley for resale at inflated prices to his neighbors and local tradesmen," they wrote, adding that Shakespeare "pursued those who could not [or would not] pay him in full for these staples and used the profits to further his own money-lending activities."

He was pursued by the authorities for tax evasion, and in 1598 was prosecuted for hoarding grain during a time of shortage.

The charge sheet against Shakespeare was not entirely unknown, though it may come as shock to some literature lovers. But the authors argue that modern readers and scholars are out of touch with the harsh realities the writer and his contemporaries faced.

He lived and wrote in the late 16th and early 17th centuries, during a period known as the "Little Ice Age," when unusual cold and heavy rain caused poor harvests and food shortages.
"I think now we have a rather rarefied idea of writers and artists as people who are disconnected from the everyday concerns of their contemporaries," Archer said. "But for most writers for most of history, hunger has been a major concern -- and it has been as creatively energizing as any other force."

She argues that knowledge of the era's food insecurity can cast new light on Shakespeare's plays, including "Coriolanus," which is set in an ancient Rome wracked by famine. The food protests in the play can be seen to echo the real-life 1607 uprising of peasants in the English Midlands, where Shakespeare lived.

Shakespeare scholar Jonathan Bate told the Sunday Times newspaper that Archer and her colleagues had done valuable work, saying their research had "given new force to an old argument about the contemporaneity of the protests over grain-hoarding in 'Coriolanus.'"

Archer said famine also informs "King Lear," in which an aging monarch's unjust distribution of his land among his three daughters sparks war.

"In the play there is a very subtle depiction of how dividing up land also involves impacts on the distribution of food," Archer said.

Archer said the idea of Shakespeare as a hardheaded businessman may not fit with romantic notions of the sensitive artist, but we shouldn't judge him too harshly. Hoarding grain was his way of ensuring that his family and neighbors would not go hungry if a harvest failed.

"Remembering Shakespeare as a man of hunger makes him much more human, much more understandable, much more complex," she said.

"He would not have thought of himself first and foremost as a writer. Possibly as an actor -- but first and foremost as a good father, a good husband and a good citizen to the people of Stratford."

She said the playwright's funeral monument in Stratford's Holy Trinity Church reflected this. The original monument erected after his death in 1616 showed Shakespeare holding a sack of grain. In the 18th century, it was replaced with a more "writerly" memorial depicting Shakespeare with a tasseled cushion and a quill pen.


Increase your money and finance knowledge from home

Intro to Retirement

Get started early planning for your long term future.

View Course »

Goal Setting

Want to succeed? Then you need goals!

View Course »

TurboTax Articles

What Are the Tax Penalties for Smokers?

Starting in 2014, the Individual Shared Responsibility provision of the Affordable Care Act made you responsible for having minimum essential coverage, or MEC, in health insurance. Otherwise, you need to be eligible for a health care exemption, or you could pay a penalty when filing your income tax return. This requirement for minimum essential coverage applies to smokers and nonsmokers alike. If you're not covered by an employer's health plan and are a smoker, you can go to the health care marketplace to find MEC. If you're still unable to comply, you may have a penalty applied.

5 Steps to Navigate the Healthcare Marketplaces

To navigate the Health Insurance Marketplace, you have to know what you want from a health plan. Have your previous plan handy to make comparisons, as well as household and income information. If this is your first health plan, be aware of your needs and know your tax situation. Eligibility depends on the size of your family and combined income from all sources.

What Is Form 8941: Credit for Small Employer Health Insurance Premiums

Small business owners who subsidize the cost of employee health insurance premiums may be able to get some of that money back by claiming the credit for small employer health insurance premiums on their taxes. Some of the eligibility requirements, however, limit the number of people a business can employ and the average annual wages they earn. Qualifying as a small employer can reduce your tax bill by the amount of the credit you report on Form 8941.

What Is Form 8911: Alternative Fuel Vehicle Refueling Property Credit

In light of rising gasoline prices and environmental concerns, consumers have become more receptive to buying cars and trucks that run on types of fuel other than gasoline. The U.S. government introduced a tax incentive to encourage the installation of facilities to store or dispense alternative fuels in 1992. That incentive has evolved into a tax credit that also applies to equipment that recharges electric cars. If you equipped your home or business to accommodate alternative fuel vehicles, you may be able to use Form 8911: Alternative Fuel Vehicle Refueling Property Credit to reduce your federal tax obligation.

What Is Form 8885: Health Coverage Tax Credit

The health coverage tax credit is a program in place for tax years from 2002 to 2013 to help eligible individuals and families by paying a portion of premiums for qualified health insurance programs. Since the legislation authorizing the credit expired in January 2014, tax returns filed in 2014 for the 2013 tax year represent the last time eligible taxpayers can claim the credit.

Add a Comment

*0 / 3000 Character Maximum

7 Comments

Filter by:
jeffreyrockwell

From the few bits of concrete evidence we have of Shakespeare, the man from Stratford, it is entirely consistent and supremely easy to accept him as a "ruthless businessman." Much easier, in fact, than as the playwright many of us have come to recognize and celebrate as Edward de Vere, Earl of Oxford. These new pieces of information are of greatest relevance to those in the business- and I DO mean "business"- of profiting from the democratic ideal of "Shakespeare" as a common man barely able to write his name, a man with limited exposure to other courts and cultures, somehow carrying within him breathtaking insights into the human condition and the ability to turn these insights into matchless dramatic poetry. I believe that the more enlightened approach to "the authorship question" is to forego Anne Hathaway's cottage and environs and turn one's attentions to the elucidations captured with patient, comprehensive, and hard-won evidence in "The Mysterious William Shakespeare" by Charlton Ogburn. Provided one approaches the subject with an open mind and the deductive skills of an amateur Sherlock Holmes, Ogburn's tome illuminates the plays and their author, dousing once and for all the previous dim flickers of the so-called scholars and mythmakers selling the Stratfordian line.

April 02 2013 at 6:12 AM Report abuse rate up rate down Reply
goofygeek567

I read this and all i can think of are how things are the same today-go to the movies, and the food there is insanely overpriced :P

April 02 2013 at 5:00 AM Report abuse rate up rate down Reply
Devin

www.shakespeare-oxford.com/

Check out this link. Many scholars don't believe Shakespeare even wrote the plays. He was a businessman, not a writer.....Also, watch the movie A "Anonymous". Very eye opening...

April 01 2013 at 6:07 PM Report abuse rate up rate down Reply
bobkdesign

He who lives by the grain, dies by the grain.
Will died while on a drinking spree, and grain constitutes the makeup of the beverages he likely drank.

April 01 2013 at 3:58 PM Report abuse rate up rate down Reply
Window 2000

This people that pretending study Shakespeare's life are so annoying and doing nothing just wanted to justify their salary with such programs.
Are they able to wright something on Shakespeare's level?

April 01 2013 at 3:14 PM Report abuse +1 rate up rate down Reply
1 reply to Window 2000's comment
bobkdesign

Shakespeare had a more interesting life, and lived in more interesting times that what he wrote about.

April 01 2013 at 3:59 PM Report abuse rate up rate down Reply
cnowrasteh

Buzz 60 you're a moron -- this is based on the flimsiest of revisionist evidence. That's what passes for journalism today, find a false grain and proclaim it to the world as fact!

April 01 2013 at 12:43 PM Report abuse rate up rate down Reply