Money in Ptolemaic Egypt: From the Macedonian Conquest to the End of the Third Century BC
Cambridge University Press, Dec 6, 2007 - Business & Economics - 354 pages
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.
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Money in Ptolemaic Egypt: From the Macedonian Conquest to the End of the ...
Sitta von Reden
No preview available - 2010
Common terms and phrases
according addition administration agents Alexandria amount Apollonios apomoira appear argued artabas attested bank banker Bogaert bronze cash cent chapter charge Clarysse cleruchic coinage coins collected connection contains contracts costs cultivators dated debt documents drachms economy Egypt Egyptian evidence example fact Fayum ﬁnancial ﬁrst further given gold grain Greek hand household important included increase interest introduction involved issued kind labour land lease letter loan Lond mentioned monetary month moreover nome normally obols ofﬁcial paid payment PCZ III period Petr possible pre-payment probably produce Ptolemaic purchase receipt received refers relationship rent represented royal salary seed seems silver slaves standard stater suggests tax-farmers temple tenants term third century Thompson transactions transport vineyards wages wine workers Zenon
References to this book
Rome and China: Comparative Perspectives on Ancient World Empires
Limited preview - 2009