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Economic Structures of Antiquity (Contributions in Economics & Economic History) by Morris Silver is a nonfiction available to read on EtoBox.

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The economy of the ancient Middle East and Greece is reinterpreted by Morris Silver in this provocative new synthesis. Silver finds that the ancient economy emerges as a class of economies with its own laws of motion shaped by transaction costs (the resources used up in exchanging ownership rights). The analysis of transaction costs provides insights into many characteristics of the ancient economy, such as the important role of the sacred and symbolic gestures in making contracts, magical technology, the entrepreneurial role of high-born women, the elevation of familial ties and other departures from impersonal economics, reliance on slavery and adoption, and the insatiable drive to accumulate trust-capital. The peculiar behavior patterns and mindsets of ancient economic man are shown to be facilitators of economic growth. In recent years, our view of the economy of the ancient world has been shaped by the theories of Karl Polanyi. Silver confronts Polanyi's empirical propositions with the available evidence and demonstrates that antiquity knew active and sophisticated markets. In the course of providing an alternative analytical framework for studying the ancient economy, Silver

Who reads Economic Structures of Antiquity (Contributions in Economics & Economic History)?

Author

Morris Silver

Publisher

Praeger; Bloomsbury

Published

1995

Language

EN

ISBN

9780313031335

Category

nonfiction

Subjects

History, Economics, Business