Coinage appeared at a moment when it fulfilled an essential need in Greek society and brought with it rationalization and social leveling in some respects, while simultaneously producing new illusions, paradoxes, and new elites. In a book that will encourage scholarly discussion for some time, David M. Schaps addresses a range of important coinage topics, among them money, exchange, and economic organization in the Near East and in Greece before the introduction of coinage; the invention of coinage and the reasons for its adoption; and the developing use of money to make more money.

The invention of coinage was a conceptual revolution, not a technological one. Only with the invention of Greek coinage does the concept "money" clearly materialize in history. Coinage appeared at a moment when it fulfilled an essential need in Greek society, bringing with it rationalization and social leveling in some respects, while simultaneously producing new illusions, paradoxes, and elites. In an argument of interest to scholars of ancient history and archaeology as well as to modern economists, David M. Schaps addresses a range of issues pertaining to major shifts in ancient economies, including money, exchange, and economic organization in the Near East and Greece before the introduction of coinage; the invention of coinage and the reasons for its adoption; and the development of using money to generate greater wealth.

How were the Greeks of the sixth century BC able to invent philosophy and tragedy? In this book Richard Seaford argues that a large part of the answer can be found in another momentous development, the invention and rapid spread of coinage, which produced the first ever thoroughly monetised society. By transforming social relations monetisation contributed to the ideas of the universe as an impersonal system, fundamental to Presocratic philosophy, and of the individual alienated from his own kin and from the gods, as found in tragedy.

The papers in this volume re-assess the role of coined money in the ancient Greek world. Using new approaches, the book makes the results of numismatic as well as historical research accessible to students and scholars of ancient history.

Recent work on Ancient Greece sheds light on the origins of money and its effects on economy and society. This review essay analyzes such work and relates it to themes familiar to economists. It examines monetary functions in the heroic world and the effects of introducing coinage in Classical Athens. It attends to the role of the state in the development of money and to the form which money took. It also considers the role of money in the administration of justice. In conclusion, the author asks whether money in the Near East pre-dates Greek money.

A comprehensive analysis of the impact of money on the economy, society and culture of the Greek and Roman worlds.

Most people have some idea what Greeks and Romans coins looked like, but few know how complex Greek and Roman monetary systems eventually became. The contributors to this volume are numismatists, ancient historians, and economists intent on investigating how these systems worked and how they both did and did not resemble a modern monetary system. Why did people first start using coins? How did Greeks and Romans make payments, large or small? What does money mean in Greek tragedy? Was the Roman Empire an integrated economic system? This volume can serve as an introduction to such questions, but it also offers the specialist the results of original research.

"Exchange lies at the heart of the economic processes. It is also, as Aristotle maintained, an essential condition for political order. The separation of economic exchange from its social and political implications, commonplace in modern economic theory, would have been meaningless in Ancient Greece." "This book is the first sustained attempt to describe the consequences of a cast of thought in which the exchange of goods and the payment of money were viewed as social and political practices. The distinction between reciprocity and redistribution on the one hand and market exchange on the other is abandoned in order to explore the social symbolism of exchange across the boundary between politics and economics. Dr von Reden shows how economically motivated exchange emerged as morally inappropriate behaviour against a cultural background in which the political community was seen as a sacred order similar to that of the family. Drawing on literary and archaeological evidence, including vase painting and the iconography of coinage, she emphasises the overriding importance of the Greek city-state in shaping a notion of commerce opposed to other forms of exchange."--BOOK JACKET.Title Summary field provided by Blackwell North America, Inc. All Rights Reserved