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A History of Market Performance
This exciting new volume examines the development of market performance from Antiquity until the dawn of the Industrial Revolution. Efficient market structures are agreed by most economists to serve as evidence of economic prosperity, and to be prerequisites for further economic growth. However, this is the first study to examine market performance as a whole, over such a large time period. Presenting a hitherto unknown and inaccessible corpus of data from ancient Babylonia, this international set of contributors are for the first time able to offer an in-depth study of market performance over a period of 2,500 years. The contributions focus on the market of staple crops, as they were crucia...
Money, Currency and Crisis
Money is a core feature in all discussions of economic crisis, as is clear from the debates about the responses of the European Central Bank and the Federal Reserve Bank of the United States to the 2008 economic crisis. This volume explores the role of money in economic performance, and focuses on how monetary systems have affected economic crises for the last 4,000 years. Recent events have confirmed that money is only a useful tool in economic exchange if it is trusted, and this is a concept that this text explores in depth. The international panel of experts assembled here offers a long-range perspective, from ancient Assyria to modern societies in Europe, China and the US. This book will be of interest to students and researchers of economic history, and to anyone who seeks to understand the economic crises of recent decades, and place them in a wider historical context.
Keeping Watch in Babylon
This volume of collected essays, the first of its kind in any language, investigates the Astronomical Diaries from ancient Babylon, a collection of almost 1000 clay tablets which, over a period of some five hundred years (6th century to 1st century BCE), record observations of selected astronomical phenomena as well as the economy and history of Mesopotamia and surrounding regions. The volume asks who the scholars were, what motivated them to ‘keep watch in Babylon’ and how their approach changed in the course of the collection’s long history. Contributors come from a range of disciplinary backgrounds, including Assyriology, Classics, ancient history, the history of science and the history of religion. "Babylon has always exerted a magical charm on everyone who has been told of its splendour and grandeur. Nobody who has succumbed to this charm, whether he is a layman who just wants to browse a little in his search for old secrets, or a scholar who wants to inform himself about the latest academic research, will be disappointed by this volume." - Erlend Gehlken, Universität Frankfurt/Main, in: Bryn Mawr Classical Review February 2 (2020)
The Cults of Uruk and Babylon
This publication provides new information about the temple ritual texts from ancient Mesopotamia, in particular from the cities Uruk and Babylon, and shows how important the public cults were in Hellenistic times, at least until the first century B.C.
Money Changes Everything
"[A] magnificent history of money and finance."—New York Times Book Review "Convincingly makes the case that finance is a change-maker of change-makers."—Financial Times In the aftermath of recent financial crises, it's easy to see finance as a wrecking ball: something that destroys fortunes and jobs, and undermines governments and banks. In Money Changes Everything, leading financial historian William Goetzmann argues the exact opposite—that the development of finance has made the growth of civilizations possible. Goetzmann explains that finance is a time machine, a technology that allows us to move value forward and backward through time; and that this innovation has changed the very...
Markets and Exchanges in Pre-Modern and Traditional Societies
Markets emerge in recent historical research as important spheres of economic interaction in ancient societies. In the case of ancient Egypt, traditional models imagined an all-encompassing centralized, bureaucratic economy that left practically no place for market transactions, as many surviving documents only described the activities of the royal palace and of huge institutions?mainly temples. Yet scattered references in the sources reveal that markets and traders were crucial actors in the economic life of ancient Egypt. In this perspective, this volume aims to discuss the role of markets, traders and economic interaction (not necessarily organized through markets) and the use of “money...
The History of the Diadochoi in Book XIX of Diodoros’ ›Bibliotheke‹
Diodoros of Sicily’s book XIX is the main source for the history of the Diadochoi, Alexander the Great’s Successors, from 317 to 311 BCE. With the first full-scale commentary on this text in any language Alexander Meeus offers a detailed and reliable guide to the complicated historical narrative and the fascinating ethnographic information transmitted by Diodoros, which includes the earliest accounts of Indian widow burning and Nabataean culture. Studying both history and historiography, this volume elucidates a crucial stage in the creation of the Hellenistic world in Greece and the Near East as well as the confusing source tradition. Diodoros, a long neglected author indispensable for ...
The Open Sea
"In The Open Sea, J. G. Manning offers a major new history of economic life in the Mediterranean world in the Iron Age, from Phoenician trading down to the Hellenistic era and the beginning of Rome's imperial supremacy. Drawing on a wide range of ancient sources and the latest social theory, Manning suggests that a search for an illusory single "ancient economy" has obscured the diversity of lived experience in the Mediterranean world, including both changes in political economies over time and differences in cultural conceptions of property and money. At the same time, he shows how the region's economies became increasingly interconnected during this period." -- Publisher's description
The Treasures of Alexander the Great
War, the most profitable economic activity in the ancient world, transferred wealth from the vanquished to the victor. Invasions, sieges, massacres, annexations, and mass deportations all redistributed property with dramatic consequences for kings and commoners alike. No conqueror ever captured more people or property in so short a lifetime than Alexander the Great in the late fourth century BC. For all its savagery, the creation of Alexander's empire has generally been hailed as a positive economic event for all concerned. Even those harshly critical of Alexander today tend to praise his plundering of Persia as a means of liberating the moribund resources of the East. To test this popular i...
