This book discusses the extent to which Thomas Piketty’s work can offer a model for ancient economic history, both methodologically and politically. The book derives from a research workshop in Berlin in April 2018, which brought together a group of established and early career scholars to discuss the implications of Piketty’s work and related themes for classical antiquity. Key questions reflected in the text include:d: How should we characterise the ‘development’ of the economy/economies of the classical Mediterranean, in relation to the role of ‘capital’ and the prevalence of inequality? How was wealth, both public and private, evaluated and managed? How much of the wealth of their society did the ancient 1% control – and is their dominance better understood in terms of the power of capital, or the role of predation and state capture? How far did certain ancient polities – above all the Greek city-states – succeed in placing limits on the power of the rich and integrating their interests with those of the masses? Did inequality increase between the height of the Roman Principate and late antiquity, as is often believed? This book will be valuable reading for academics and students working in economic history, ancient history, and other related fields.

"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

Sixteen essays in the social and economic history of the ancient world, by a leading historian of classical antiquity, are here brought conveniently together. Three overlapping parts deal with the urban economy and society, peasants and the rural economy, and food-supply and food-crisis. While focusing on eleven centuries of antiquity from archaic Greece to late imperial Rome, the essays include theoretical and comparative analyses of food-crisis and pastoralism, and an interdisciplinary study of the health status of the people of Rome using physical anthropology and nutritional science. A variety of subjects are treated, from the misconduct of a builders' association in late antique Sardis, to a survey of the cultural associations and physiological effects of the broad bean.

Recent work on the ancient economy has tended to concentrate on market exchange, but other forces also caused goods to change hands. Such nonmarket transfers ranged from small private gifts to the wholesale confiscation of cities, lands, and their peoples. The papers presented in this volume examine aspects of this extramercantile economy, particularly benefaction and the role of associations, as well as their impact on the market economy. This volume brings together ancient historians, New Testament scholars, and classicists to assess critically the New Institutional Economics framework. Combining theoretical approaches with detailed investigations of particular regions and topics, its chapters examine Greek economic thought, the benefits of membership in private associations, and the economic role of civic euergetism from classical Athens to the municipalities of Roman Spain. The Extramercantile Economies of Greek and Roman Cities will be of use to those interested in the economic context of ancient religions, the role of associations in the economy, theoretical approaches to the study of the ancient economy, labor and politics in the ancient city, as well as how Greek philosophers, from Xenophon to Philodemus, developed ethical ideas about economic behavior.

Introducing students to current controversies over the nature of the ancient economy, this volume brings together twelve influential studies by leading experts in the field. In 1973, Moses Finley unveiled a comprehensive model of the economic underpinnings of classical civilisation. Since then, supporters and critics have turned the study of the ancient economy into what has been called 'an academic battleground'. In recent years, however, a growing number of scholars have aimed to move the debate beyond partisan controversies. This volume takes stock of these developments. Embracing a wide range of interdisciplinary perspectives derived from ecology, economics and cultural studies and drawing on literary, documentary and archaeological evidence, the contributions address crucial issues from agricultural production, the uses of money and the creation of markets to the scale of long-distance trade and economic growth in the Greek and Roman periods. In a general introduction and separate headnotes for each chapter, the editors provide a concise survey of recent debates, seeking to situate the different contributions in the broader context of contemporary scholarship. This is the first collection of its kind. It is designed to acquaint beginners as well as more advanced students with a variety of thematic and methodological approaches to the study of economic processes in the ancient world. All terms in foreign or ancient languages have been translated into English or explained in a comprehensive glossary. An up-to-date bibliographical essay covering pertinent scholarship in English offers guidance for further reading and the preparation of term papers.

This book was the first to undertake a comprehensive analysis of the impact of money on the economy, society and culture of the Greek and Roman worlds. It uses new approaches in economic history to explore how money affected the economy in antiquity and demonstrates that the crucial factors in its increasing influence were state-formation, expanding political networks, metal supply and above all an increasing sophistication of credit and contractual law. Covering a wide range of monetary contexts within the Mediterranean over almost a thousand years (c.600 BC–AD 300), it demonstrates that money played different roles in different social and political circumstances. The book will prove an invaluable introduction to upper-level students of ancient money, while also offering perspectives for future research to the specialist.

Investment in capital, both physical and financial, and innovation in its uses are often considered the linchpin of modern economic growth, while credit and credit markets now seem to determine the wealth - as well as the fate - of nations. Yet was it always thus? The Roman economy was large, complex, and sophisticated, but in terms of its structural properties did it look anything like the economies we know and are familiar with today? Through consideration of the allocation and uses of capital and credit and the role of innovation in the Roman world, the individual essays comprising this volume go straight to the heart of the matter, exploring such questions as how capital in its various forms was generated, allocated, and employed in the Roman economy; whether the Romans had markets for capital goods and credit; and whether investment in capital led to innovation and productivity growth. Their authors consider multiple aspects of capital use in agriculture, water management, trade, and urban production, and of credit provision, finance, and human capital, covering different periods of Roman history and ranging geographically across Italy and elsewhere in the Roman world. Utilizing many different types of written and archaeological evidence, and employing a range of modern theoretical perspectives and methodologies, the contributors, an expert international team of historians and archaeologists, have produced the first book-length contribution to focus exclusively on (physical and financial) capital in the Roman world; a volume that is aimed not only at specialists in the field, but also at economic historians and archaeologists specializing in other periods and places.