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.

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.

The cultural wealth of the classical Greek world was matched by its material wealth, and there is abundant textual and archaeological evidence for both. However, radically different theoretical and methodological approaches have been used to interpret this evidence, and conflicts continue to rage as these different starting points produce clashing views on the significance and distribution of money, labour and land. Money, Labour and Land reflects the current explosion in ideas and research by assembling case-studies from an international selection of renowned US, British and European scholars. Drawing on comparative historical and anthropological approaches, sociological, economic and cultural theory, and developments in epigraphy, legal history, numismatics and spatial archaeology, this volume will be of interest to all students and scholars of ancient economies.

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.

Given their cultural, intellectual, and scientific achievements, surely the Greeks were able to approach their economic affairs in a rational manner like modern individuals? Since the nineteenth century, many scholars have argued that premodern people did not behave like modern businesspeople, and that the “stagnation” that characterized the economy prior to the Industrial Revolution can be explained by a prevailing noneconomic mentality throughout premodern (and nonwestern) societies. This view, which simultaneously extols the “sophistication” of the modern West, relegates all other civilizations to the status of economic backwardness. But the evidence from ancient Athens, which is one of the best-documented societies in the premodern world, tells a very different story: one of progress, innovation, and rational economic strategies. Making Money in Ancient Athens examines in the most comprehensive manner possible the voluminous source material that has survived from Athens in inscriptions, private lawsuit speeches, and the works of philosophers like Aristotle and Plato. Inheritance cases that detail estate composition and investment choices, and maritime trade deals gone wrong, provide unparalleled glimpses into the specific factors that influenced Athenians at the level of the economic decision-making process itself, and the motivations that guided the specific economic transactions attested in the source material. Armed with some of the most thoroughly documented case studies and the richest variety of source material from the ancient Greek world, Michael Leese argues that the evidence overwhelmingly demonstrates that ancient Athenians achieved the type of long-term profit and wealth maximization and continuous reinvestment of profits into additional productive enterprise that have been argued as unique to (and therefore responsible for) the modern industrial-capitalist system.