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.

"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

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.

The papers in this volume reassess 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. The chapters provide a wide-ranging account of the political, social, and economic contexts within which coined money was used. In Part One the book focuses on the theme of monetization and the politics of coinage, while Part Two provides a series of case studies relating to the production and use of coined money in different areas of the Greek-speaking world, including Asia Minor, Egypt, and Rhodes as well as Greece itself. The individual chapters cover a broad chronological range from Archaic Greece to Roman Egypt. The book as a whole offers fresh insights into an important aspect of the ancient Greek economy.

The sharing economy's unique customer-to-company exchange is possible because of the way in which money has evolved. These transactions have not always been as fluid as they are today, and they are likely to become even more fluid. It is therefore critical that we learn to appreciate money's elastic nature as deeply as do Uber, Airbnb, Kickstarter, and other innovators, and that we understand money's transition from hard currencies to cryptocurrencies like Bitcoin if we are to access their cooperative potential. The Evolution of Money illuminates this fascinating reality, focusing on the tension between currency's real and abstract properties and advancing a vital theory of money rooted in this dual exchange. It begins with the debt tablets of Mesopotamia and follows with the development of coin money in ancient Greece and Rome, gold-backed currencies in medieval Europe, and monetary economics in Victorian England. The book ends in the digital era, with the cryptocurrencies and service providers that are making the most of money's virtual side and that suggest a tectonic shift in what we call money. By building this organic time line, The Evolution of Money helps us anticipate money's next, transformative role.

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.