Meaning: The quote "The wool of a thousand sheep in good pasture at the least ought to yield fifty marks a year, the wool of two thousand one hundred marks, and so forth, counting by thousands" by Robert Grosseteste, a statesman and scholar of the 13th century, is a reflection of the economic significance of wool production during the medieval period. It highlights the potential wealth that could be generated from large-scale sheep farming and wool production. This quote is a testament to the importance of the wool trade in medieval Europe and the impact it had on the economy, society, and politics of the time.

During the medieval period, wool was one of the most valuable and sought-after commodities. It was in high demand for the production of textiles, and Europe, particularly England, was known for its high-quality wool. The wool trade played a major role in the economic development of many regions, and it was a source of wealth for landowners, merchants, and the ruling elite.

Grosseteste's quote reflects the scale of wool production that was necessary to generate significant wealth. He suggests that the wool yield from a thousand sheep in good pasture should at least yield fifty marks a year, with the potential for even greater yields as the number of sheep increases. This demonstrates the profitability of large-scale sheep farming and the potential for substantial income from wool production.

The quote also alludes to the idea of economies of scale in wool production. As the number of sheep increases, the overall wool yield and potential income also increase. This reflects the understanding of medieval agricultural practices and the importance of maximizing production to achieve greater financial returns.

In addition to the economic significance, the quote also sheds light on the social and political implications of the wool trade. The wealth generated from wool production could elevate landowners and merchants to positions of influence and power within their communities. The ability to profit from the wool trade allowed individuals and families to amass wealth and establish themselves as prominent figures in medieval society.

Furthermore, the wool trade had broader implications for international trade and diplomacy. England, in particular, became a major player in the European wool market, exporting large quantities of wool to other regions. This not only contributed to the wealth of the English crown and the nobility but also fostered trade relationships with other countries, shaping political and diplomatic alliances.

Grosseteste's quote serves as a reminder of the pivotal role that wool played in the medieval economy and society. It highlights the economic potential of wool production, the impact it had on social hierarchy and power dynamics, and its significance in international trade and diplomacy. The quote captures the essence of a time when wool was not just a commodity, but a driving force behind the economic and political landscape of medieval Europe.