The transition between the 2nd and the 1st millennium BC was an era of deep economic changes in the ancient Near East. An increasing monetization of transactions, a broader use of silver, the management of the resources of temples through “entrepreneurs”, the development of new trade circuits and an expanding private, small-scale economy, transformed the role previously played by institutions such as temples and royal palaces. The 17 essays collected here analyze the economic transformations which affected the old dominant powers of the Late Bronze Age, their adaptation to a new economic environment, the emergence of new economic actors and the impact of these changes on very different social sectors and geographic areas, from small communities in the oases of the Egyptian Western Desert to densely populated urban areas in Mesopotamia. Egypt was not an exception. Traditionally considered as a conservative and highly hierarchical and bureaucratic society, Egypt shared nevertheless many of these characteristics and tried to adapt its economic organization to the challenges of a new era. In the end, the emergence of imperial super-powers (Assyria, Babylonia, Persia and, to a lesser extent, Kushite and Saite Egypt) can be interpreted as the answer of former palatial organizations to the economic and geopolitical conditions of the early Iron Age. A new order where competition for the control of flows of wealth and of strategic trading areas appears crucial.

The Ancient Near East reveals three millennia of history (c. 3500–500 bc) in a single work. Liverani draws upon over 25 years’ worth of experience and this personal odyssey has enabled him to retrace the history of the peoples of the Ancient Near East. The history of the Sumerians, Hittites, Assyrians, Babylonians and more is meticulously detailed by one of the leading scholars of Assyriology. Utilizing research derived from the most recent archaeological finds, the text has been fully revised for this English edition and explores Liverani’s current thinking on the history of the Ancient Near East. The rich and varied illustrations for each historical period, augmented by new images for this edition, provide insights into the material and textual sources for the Ancient Near East. Many highlight the ingenuity and technological prowess of the peoples in the Ancient East. Never before available in English, The Ancient Near East represents one of the greatest books ever written on the subject and is a must read for students who will not have had the chance to explore the depth of Liverani’s scholarship.

History and analysis of the economic and social development of debt, interest-bearing loans, royal remission of debts, and economic renewal policies.

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 gives critical attention to the economic views of the Assyriologists I.M. Diakonoff, W.F. Leemans, Mario Liverani, and J.N. Postgate; of the Egyptologists Jacob J. Janssen and Wolfgang Helck; and of the numerous followers of Moses Finley. Silver convincingly demonstrates that the ancient world was not static: periods of pervasive economic regulation by the state are interspersed with lengthy periods of relatively unfettered market activity, and the economies of Sumer, Babylonia, and archaic Greece were capable of transforming themselves in order to take advantage of new opportunities. This new synthesis is essential reading for economic historians and researchers of the ancient Near East and Greece.

The history of the Ancient Near East covers a huge chronological frame, from the first pictographic texts of the late 4th millennium to the conquest of Alexander the Great in 333 BC. During these millennia, different societies developed in a changing landscape where sheep (and their wool) always played an important economic role. The 22 papers presented here explore the place of wool in the ancient economy of the region, where large-scale textile production began during the second half of the 3rd millennium. By placing emphasis on the development of multi-disciplinary methodologies, experimentation and use of archaeological evidence combined with ancient textual sources, the wide-ranging contributions explore a number of key themes. These include: the first uses of wool in textile manufacture and organization of weaving; trade and exchange; the role of wool in institutionalized economies; and the reconstruction of the processes that led to this first form of industry in Antiquity. The numerous archaeological and written sources provide an enormous amount of data on wool, textile crafts, and clothing and these inter-disciplinary studies are beginning to present a comprehensive picture of the economic and cultural impact of woollen textiles and textile manufacturing on formative ancient societies.