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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.

This book explores the impact of Alexander the Great's introduction of coined money on the economy and society of Egypt and its political implications for the formation of the Ptolemaic state. It argues that the introduction of coinage happened slowly, spreading gradually from Alexandria into the chora. Under Ptolemy II, however, Egypt was aggressively monetised. Using both numismatic and papyrological evidence, the workings of a rural monetary economy are reconstructed where coinage was in high demand, but in short supply. It is argued that by the middle of the third century BC Egypt was much more thoroughly monetised than is usually assumed, but that the degree of monetisation was sustained only by an extensive credit economy as well as ad hoc commutation of monetary payments into kind. Contextualising the complexities of credit and banking in rural Egypt, the book offers a fresh picture of their function in the ancient economy.

This book explores the impact of Alexander the Great's introduction of coined money on the economy and society of Egypt and its political implications for the formation of the Ptolemaic state. It argues that the introduction of coinage happened slowly, spreading gradually from Alexandria into the chora. Under Ptolemy II, however, Egypt was aggressively monetised. Using both numismatic and papyrological evidence, the workings of a rural monetary economy are reconstructed where coinage was in high demand, but in short supply. It is argued that by the middle of the third century BC Egypt was much more thoroughly monetised than is usually assumed, but that the degree of monetisation was sustained only by an extensive credit economy as well as ad hoc commutation of monetary payments into kind. Contextualising the complexities of credit and banking in rural Egypt, the book offers a fresh picture of their function in the ancient economy.

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.

This is the most comprehensive introduction to the ancient Greek economy available in English. A team of specialists provides in non-technical language cutting edge accounts of a wide range of key themes in economic history, explaining how ancient Greek economies functioned and changed, and why they were stable and successful over long periods of time. Through its wide geographical perspective, reaching from the Aegean and the Black Sea to the Near East and Egypt under Greek rule, it reflects on how economic behaviour and institutions were formed and transformed under different political, ecological and social circumstances, and how they interacted and communicated over large distances. With chapters on climate and the environment, market development, inequality and growth, it encourages comparison with other periods of time and cultures, thus being of interest not just to ancient historians but also to readers concerned with economic cultures and global economic issues.

This is the most comprehensive introduction to the ancient Greek economy available in English. A team of specialists provides in non-technical language cutting edge accounts of a wide range of key themes in economic history, explaining how ancient Greek economies functioned and changed, and why they were stable and successful over long periods of time. Through its wide geographical perspective, reaching from the Aegean and the Black Sea to the Near East and Egypt under Greek rule, it reflects on how economic behaviour and institutions were formed and transformed under different political, ecological and social circumstances, and how they interacted and communicated over large distances. With chapters on climate and the environment, market development, inequality and growth, it encourages comparison with other periods of time and cultures, thus being of interest not just to ancient historians but also to readers concerned with economic cultures and global economic issues.

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 econo

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 econo