Money In Classical Antiquity

This book was the first to undertake a comprehensive analysis of the impact of money on the economy, society and culture of the Greek and Roman worlds. It uses new approaches in economic history to explore how money affected the economy in antiquity and demonstrates that the crucial factors in its increasing influence were state-formation, expanding political networks, metal supply and above all an increasing sophistication of credit and contractual law. Covering a wide range of monetary contexts within the Mediterranean over almost a thousand years (c.600 BC–AD 300), it demonstrates that money played different roles in different social and political circumstances. The book will prove an invaluable introduction to upper-level students of ancient money, while also offering perspectives for future research to the specialist.

Most people have some idea what Greeks and Romans coins looked like, but few know how complex Greek and Roman monetary systems eventually became. The contributors to this volume are numismatists, ancient historians, and economists intent on investigating how these systems worked and how they both did and did not resemble a modern monetary system. Why did people first start using coins? How did Greeks and Romans make payments, large or small? What does money mean in Greek tragedy? Was the Roman Empire an integrated economic system? This volume can serve as an introduction to such questions, but it also offers the specialist the results of original research.

The cultural wealth of the classical Greek world was matched by its material wealth, and there is abundant textual and archaeological evidence for both. However, radically different theoretical and methodological approaches have been used to interpret this evidence, and conflicts continue to rage as these different starting points produce clashing views on the significance and distribution of money, labour and land. Money, Labour and Land reflects the current explosion in ideas and research by assembling case-studies from an international selection of renowned US, British and European scholars. Drawing on comparative historical and anthropological approaches, sociological, economic and cultural theory, and developments in epigraphy, legal history, numismatics and spatial archaeology, this volume will be of interest to all students and scholars of ancient economies.

The origins of the modern, Western concept of money can be traced back to the earliest electrum coins that were produced in Asia Minor in the seventh century BCE. While other forms of currency (shells, jewelry, silver ingots) were in widespread use long before this, the introduction of coinage aided and accelerated momentous economic, political, and social developments such as long-distance trade, wealth creation (and the social differentiation that followed from that), and the financing of military and political power. Coinage, though adopted inconsistently across different ancient societies, became a significant marker of identity and became embedded in practices of religion and superstition. And this period also witnessed the emergence of the problems of money - inflation, monetary instability, and the breakup of monetary unions - which have surfaced repeatedly in succeeding centuries. Drawing upon a wealth of visual and textual sources, A Cultural History of Money in Antiquity presents essays that examine key cultural case studies of the period on the themes of technologies, ideas, ritual and religion, the everyday, art and representation, interpretation, and the issues of the age.

This volume looks at the ancient Greek economy. Of particular importance, is how the economic structure of this society could allow enough of a surplus to enable artistic endeavour. Contents: The Platonic credit economy and fiat money: Money as token of credit in exchange; Aristotle's individualistic foundation of political society: Self-interest and utility. The state as means for individual excellence; The theory of merit, status and property (Aristotle). Social and legal justice: Weighted and unweighted equality in dealings; The utility theory of value and money (Aristotle). Economic justice: Inversely weighted equality in quantity according to merit; Knowledge as the ultimate asset of power; Knowledge as the ultimate asset of wealth: The knowledge theory of value; Appendices.

"Money, Warfare and Power in the Ancient World offers eleven papers analysing the processes, consequences and problems involved in the monetization of warfare and its connection to political power in antiquity. The contributions explore not only how powerful men and states used money and coinage to achieve their aims, but how these aims and methods had often already been shaped by the medium of coined money - typically with unintended consequences"--

The Ancient Economy introduces readers to the nature of economic life in the ancient world, and provides a valuable guide to scholarly debates on the subject. The book describes and examines the economic processes and fluctuations of the ancient world, and shows how these relate to political and social change and conditions. Leading experts address the central issues, from agricultural production to the uses of money and the creation of markets. Taken as a whole the book exemplifies the range of interdisciplinary perspectives on the ancient economy, and illustrates the methodological approaches scholars have deployed to understand it. In doing so it draws on literary, ecological and archaeological evidence.

"The Ancient Economy holds pride of place among the handful of genuinely influential works of ancient history. This is Finley at the height of his remarkable powers and in his finest role as historical iconoclast and intellectual provocateur. It should be required reading for every student of pre-modern modes of production, exchange, and consumption."--Josiah Ober, author of Political Dissent in Democratic Athens