Jason was renowned for being clever and brave, but also selfish and materialistic. His pattern of behavior was to gain the assistance of a woman—Ariadne, Medea—in realizing his ambitions, to become her lover and then to desert her and move on to a new adventure. With Jason as his role model, Bassanio has the potential to join the company of those other lovers in Shakespearean comedy—Claudio in Much Ado About Nothing, Bertram in All’s Well That Ends Well—who are not worthy of the women they obtain.

To make such comparisons is to see that The Merchant of Venice is one of Shakespeare’s darker comedies. The blurring of perspectives between the romantic and the sinister is especially apparent in the beautiful but ironic love-duet of Lorenzo and Jessica at the beginning of the final act. They compare themselves to some oft-sung partners from the world of classical mythology. But what kind of exemplary figures are these? Cressida, who was unfaithful to Troilus; Medea the poisoner; Thisbe, whose tragical fate, though comically represented in the Mechanicals’ play in A Midsummer Night’s Dream, was identical to Juliet’s; and Dido, whom Aeneas deserted in his quest for imperial glory. They are all figures in the pantheon of tragedy, not comedy.

The cleverness that Bassanio shares with the mythological figure of Jason is apparent from his choice of casket. Portia’s late father has devised a simple test to find her the right husband: those suitors who choose the golden or silver caskets are clearly motivated by desire for wealth and must therefore want to marry her for her money. The man who chooses lead obviously does not care about cash, so he is likely to love Portia for herself alone. Bassanio, however, recognizes that appearances are not to be trusted. Venice, sixteenth-century Europe’s preeminent city of commercial exchange and conspicuous consumption, has taught him that credit allows a man to display himself above his means. He does not want to look like a fortune hunter when wooing Portia, so he borrows from Antonio in order to dress like a wealthy man: “By something showing a more swelling port / Than my faint means would grant continuance.” He chooses the lead casket because he knows from his own example that “outward shows” may be least themselves and that the world is easily deceived “with ornament.” Gold, he reasons, is for greedy Midas, so he spurns it—this is what he imagines Portia wants to hear. He is, of course, assisted by the hint she drops for his benefit; whereas Morocco and Aragon had to make their choice in silence, Bassanio’s is heralded by a song that warns against trusting what appears to “the eyes.” And yet the fact remains that Bassanio is driven by the quest for a wealthy spouse. Antonio is the one who really cares about love more than money, about the “bond” of friendship more than the legal and financial bond, about what is “dear” to his heart more than what is “dear” in the sense of expensive. For Shakespeare’s audience, the words “merchant” and “Venice” were both synonymous with the pursuit of money, but paradoxically, Antonio is, of all the characters in the play, the one who is least bound to material possessions.

“IN BELMONT IS A LADY RICHLY LEFT”

Shortly after the Second World War, the Canadian literary critic Northrop Frye published a short essay that inaugurated the modern understanding that Shakespeare’s comedies, for all their lightness and play, are serious works of art, every bit as worthy of close attention as his tragedies. Entitled “The Argument of Comedy,” it proposed that the essential structure of Shakespearean comedy was ultimately derived from the “new comedy” of ancient Greece, which was mediated to the Renaissance via its Roman exponents Plautus and Terence. The “new comedy” pattern, described by Frye as “a comic Oedipus situation,” turned on “the successful effort of a young man to outwit an opponent and possess the girl of his choice.” The girl’s father, or some other authority figure of the older generation, resists the match, but is outflanked, often thanks to an ingenious scheme devised by a clever servant, perhaps involving disguise or flight (or both). Frye, writing during Hollywood’s golden age, saw an unbroken line from the classics to Shakespeare to modern romantic comedy: “The average movie of today is a rigidly conventionalized New Comedy proceeding toward an act which, like death in Greek tragedy, takes place offstage, and is symbolized by the final embrace.”

The union of the lovers brings “a renewed sense of social integration,” expressed by some kind of festival at the climax of the play—a marriage, a dance, or a feast. All right-thinking people come over to the side of the lovers, but there are others “who are in some kind of mental bondage, who are helplessly driven by ruling passions, neurotic compulsions, social rituals, and selfishness.” Malvolio in Twelfth Night, Don John in Much Ado About Nothing, Jaques in As You Like It, Shylock in The Merchant of Venice: Shakespearean comedy frequently includes a party pooper, a figure who refuses to be assimilated into the harmony.

Frye’s “The Argument of Comedy” pinpoints a pervasive structure: “the action of the comedy begins in a world represented as a normal world, moves into the green world, goes into a metamorphosis there in which the comic resolution is achieved, and returns to the normal world.” But for Shakespeare, the green world, the forest and its fairies, is no less real than the court. Frye, again, sums it up brilliantly:

This world of fairies, dreams, disembodied souls, and pastoral lovers may not be a “real” world, but, if not, there is something equally illusory in the stumbling and blinded follies of the “normal” world, of Theseus’ Athens with its idiotic marriage law, of Duke Frederick and his melancholy tyranny [in As You Like It], of Leontes and his mad jealousy [in The Winter’s Tale], of the Court Party with their plots and intrigues. The famous speech of Prospero about the dream nature of reality applies equally to Milan and the enchanted island. We spend our lives partly in a waking world we call normal and partly in a dream world which we create out of our own desires. Shakespeare endows both worlds with equal imaginative power, brings them opposite one another, and makes each world seem unreal when seen by the light of the other.*

The Merchant of Venice offers an exceptionally interesting set of variations on this pattern. The “new comedy” pattern of the lover getting his girl against the will of her father is there in the Lorenzo and Jessica plot. There is a (not so clever) servant in the form of Lancelet Gobbo. And there is a striking structural movement between two worlds. However, instead of the usual court or paternal household, the normative world, represented by Venice, is that of money and commercial exchange. Portia’s rural estate in “Belmont,” which means “beautiful mountain,” stands in for the “green” world of wood or forest or pastoral community. Productions often portray it as an Arcadian realm of ease, integrity, and self-discovery that stands in contrast to the hard-nosed commerce of the duplicitous city. But although Belmont has an aura of magic and of music, it is not really a dream world.

Portia has been attracted to Bassanio for some time: he has previously visited Belmont in the guise of “a scholar and a soldier” in the retinue of another suitor.