Lending and Borrowing in Ancient Athens
Lending and borrowing were commonplace in Athens during the fourth century BC and could involve interest rates, security and banks, but the part played by credit was very different from its familiar role in capitalist society. Using a combination of sources, but concentrating on the law-court speeches of the Attic orators, Dr Millett shows that it is possible to see how lending and borrowing were a way of ordering social relations between Athenian citizens. Although debt could be disruptive, it had as its more positive side the strengthening of ties between individuals. That was, in turn, an aspect of the solidarity between citizens that was a part of the Athenian democracy.
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According Aeschines ancient Apollodorus appears appropriate argues Aristotle associated Athenian Athens bankers banking Bogaert borrowing brothers called cash cent chapter character charge charis citizens claims classical close concept concerned contrast creditors Days debt deme Demosthenes deposits described detail discussion economic evidence examples explains father figure Finley fourth century friends funds give given Greek individuals involved jury land later least lenders lending lent less loans Lysias maritime loans material means minas neighbours Nicostratus obligation offered operations original owed Pasion passage payment person philia philoi polis political possible present presumably productive profit rate of interest reciprocity references relations relationship relatives says seems sense slaves social society Socrates sources speaker speech suggests sums talents theory transactions turn wealthy
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