Papal Financial Policy in the Early Modern Period

It is generally accepted that Catholic Church is a conservative and die-hard element in the transition of Western Society.By approaching the Papal Fiscal Policy in the Early Modern Period,the author affirms that the economic life of the Papacy changed from living on Feudal Revenues to on the Venal office,long-term and short-term credits which made the Papal life bound with what happened in the financial market in the 15~(th)-17~(th) centuries,and the traditional financial system was modified to fit with the capitalist economic system and order.Thus,there is institutional change in the papacy,and which was not eccentric,but closely comparable with that which took place in other European governments.