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About this product
- DescriptionThe ecomy of the ancient Middle East and Greece is reinterpreted by Morris Silver in this provocative new synthesis. Silver finds that the ancient ecomy emerges as a class of ecomies with its own laws of motion shaped by transaction costs (the resources used up in exchanging ownership rights). The analysis of transaction costs provides insights into many characteristics of the ancient ecomy, such as the important role of the sacred and symbolic gestures in making contracts, magical techlogy, the entrepreneurial role of high-born women, the elevation of familial ties and other departures from impersonal ecomics, reliance on slavery and adoption, and the insatiable drive to accumulate trust-capital. The peculiar behavior patterns and mindsets of ancient ecomic man are shown to be facilitators of ecomic growth. In recent years, our view of the ecomy of the ancient world has been shaped by the theories of Karl Polanyi. Silver confronts Polanyi's empirical propositions with the available evidence and demonstrates that antiquity knew active and sophisticated markets. In the course of providing an alternative analytical framework for studying the ancient ecomy, Silver gives critical attention to the ecomic views of the Assyriologists I.M. Diakoff, W.F. Leemans, Mario Liverani, and J.N. Postgate; of the Egyptologists Jacob J. Janssen and Wolfgang Helck; and of the numerous followers of Moses Finley. Silver convincingly demonstrates that the ancient world was t static: periods of pervasive ecomic regulation by the state are interspersed with lengthy periods of relatively unfettered market activity, and the ecomies of Sumer, Babylonia, and archaic Greece were capable of transforming themselves in order to take advantage of new opportunities. This new synthesis is essential reading for ecomic historians and researchers of the ancient Near East and Greece.
- Author BiographyMORRIS SILVER is Professor of Economics and Chairman of the Economics Department, City College of the City University of New York./e Professor Silver has published extensively on economic issues, including three books on economics in the Ancient World.
- Author(s)Morris Silver
- Date of Publication14/02/1995
- SubjectHistory: Specific Subjects
- Series TitleContributions in Economics & Economic History
- Series Part/Volume NumberNo. 159.
- Place of PublicationWestport
- Country of PublicationUnited States
- ImprintGreenwood Press
- Content Noteblack & white illustrations
- Weight581 g
- Width156 mm
- Height234 mm
- Spine17 mm
- Format DetailsLaminated cover
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