In this ground-breaking analysis of the world's first private banks, Edward Cohen convincingly demonstrates the existence and functioning of a market economy in ancient Athens while revising our understanding of the society itself. Challenging the "primitivistic" view, in which bankers are merely pawnbrokers and money-changers, Cohen reveals that fourth-century Athenian bankers pursued sophisticated transactions. These dealings--although technologically far removed from modern procedures--were in financial essence identical with the lending and deposit-taking that separate true "banks" from other businesses. He further explores how the Athenian banks facilitated tax and creditor avoidance among the wealthy, and how women and slaves played important roles in these family businesses--thereby gaining legal rights entirely unexpected in a society supposedly dominated by an elite of male citizens. Special emphasis is placed on the reflection of Athenian cognitive patterns in financial practices. Cohen shows how transactions were affected by the complementary opposites embedded in the very structure of Athenian language and thought. In turn, his analysis offers great insight into daily Athenian reality and cultural organization.

"The Ancient Economy holds pride of place among the handful of genuinely influential works of ancient history. This is Finley at the height of his remarkable powers and in his finest role as historical iconoclast and intellectual provocateur. It should be required reading for every student of pre-modern modes of production, exchange, and consumption."--Josiah Ober, author of Political Dissent in Democratic Athens

A new assessment of the ancient Athenian economy relying on fresh documentary evidence

A revolutionary account of the ancient Greek economy This comprehensive introduction to the ancient Greek economy revolutionizes our understanding of the subject and its possibilities. Alain Bresson is one of the world's leading authorities in the field, and he is helping to redefine it. Here he combines a thorough knowledge of ancient sources with innovative new approaches grounded in recent economic historiography to provide a detailed picture of the Greek economy between the last century of the Archaic Age and the closing of the Hellenistic period. Focusing on the city-state, which he sees as the most important economic institution in the Greek world, Bresson addresses all of the city-states rather than only Athens. An expanded and updated English edition of an acclaimed work originally published in French, the book offers a groundbreaking new theoretical framework for studying the economy of ancient Greece; presents a masterful survey and analysis of the most important economic institutions, resources, and other factors; and addresses some major historiographical debates. Among the many topics covered are climate, demography, transportation, agricultural production, market institutions, money and credit, taxes, exchange, long-distance trade, and economic growth. The result is an unparalleled demonstration that, unlike just a generation ago, it is possible today to study the ancient Greek economy as an economy and not merely as a secondary aspect of social or political history. This is essential reading for students, historians of antiquity, and economic historians of all periods.

Markets, Households and City-States in the Ancient Greek Economy brings together sixteen essays by leading scholars of the ancient Greek economy. The essays investigate the role of market-exchange in the economy of the ancient Greek world in the Classical and Hellenistic periods.

Systematically explores the changing size and structure of the population of classical Athens and the implications for economic history.

This volume seeks to reassess ancient Greek and Roman society and its economy in examining skilled labour and professionalism.

Adding to the small amount that has been written on this aspect of economic history, Amemiya, a leading economist based at Stanford University, analyzes the exact nature of the ancient Greek economy, offering an unprecedented broad and comprehensive survey.

Recently there has been a welcome revival of scholarly interest in the economy of classical Greece. In the face of increasingly compelling arguments for the existence of a market economy in classical Athens, the Finleyan orthodoxy is finally relinquishing its long dominion. In this book, Barry O’Halloran seeks to contribute to this renewed debate by re-interrogating the ancient evidence using more recent economic interpretative frameworks. The aim is to re-evaluate accepted orthodoxies and present the economic history of this emblematic city-state in a new light. More specifically, it analyses the economic foundations of Athens through the prism of its navy. Its macroeconomic approach utilises an employment-demand model through which enormous naval defence expenditures created an exceptional period of demand-led economic growth.

This is a pioneering study that examines the sale of sex in classical Athens from a commercial (rather than from a cultural or moral) perspective. Following the author's earlier book on Athenian banking, this work analyzes erotic business at Athens in the context of the Athenian economy. For the Athenians, the social acceptability and moral standing of human labor was largely determined by the conditions under which work was performed. Pursued in a context characteristic of servile endeavor, prostitution--like all forms of slave labor--was contemptible. Pursued under conditions appropriate to non-servile endeavor, prostitution--like all forms of free labor--was not violative of Athenian work ethics. As a mercantile activity, however, prostitution was not untouched by Athenian antagonism toward commercial and manual pursuits; as the "business of sex," prostitution further evoked negativity from segments of Greek opinion uncomfortable with any form of carnality. Yet ancient sources also adumbrate another view, in which the sale of sex, lawful and indeed pervasive at Athens, is presented alluringly. In a book that will be of interest to all students of sex and gender, to economic, legal and social historians, and to classicists, the author explores the high compensation earned by female sexual entrepreneurs who often controlled prostitutional businesses that were perpetuated from generation to generation on a matrilineal basis, and that benefitted from legislative restrictions on pimping. The author juxtaposes the widespread practice of "prostitution pursuant to written contract" with legislation targeting male prostitutes functioning as governmental leaders, and explores the seemingly contradictory phenomena of extensive sexual exploitation of slave prostitutes (male and female) coexisting with Athenian society's pride in its legislative protection of slaves and minors against sexual outrage.