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Money in Ptolemaic Egypt : From the Macedonian Conquest to the End of the Third Century Bc (Paperback)

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When Alexander the Great conquered Egypt he introduced coinage into country whose economy and administration had worked without it for millennia. This book is the first to explore the impact of coined money on the economy and society of Egypt, as well as its political implications for the formation of the Ptolemaic state. It argues that the Introduction of coinage happened slowly, spreading gradually from Alexandria into the ch=ra. Under Ptolemy II, however, Egypt was aggressively monetised. Using both numismatic and papyrological evidence, the workings of a rural monetary economy are reconstructed in which coinage was in high demand but short supply. It is argued that, by the middle of the third century BC, Egypt was much more thoroughly monetised than is usually assumed, but that the degree of monetisation was sustained only by an extensive credit economy as well as ad hoc commutation of monetary payments into kind. Contextualising the complexities of credit and banking in rural Egypt, this book offers a new picture of their function in the ancient economy.

Specifications

Publisher Cambridge Univ Pr
Mfg Part# 9780521130547
SKU 212964636
Format Paperback
ISBN10 0521130549
Release Date 1/26/2010
Product Attributes
Book Format Paperback
Number of Pages 0380
Publisher Cambridge University Press
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