This book is the first economic history of ancient Egypt covering the entire pharaonic period, 3000–30 BCE, and employing a New Institutional Economics approach. It argues that the ancient Egyptian state encouraged an increasingly widespread and sophisticated use of writing through time, primarily in order to better document and more efficiently exact taxes for redistribution. The increased use of writing, however, also resulted in increased documentation and enforcement of private property titles and transfers, gradually lowering their transaction costs relative to redistribution. The book also argues that the increasing use of silver as a unified measure of value, medium of exchange, and store of wealth also lowered transaction costs for high value exchanges. The increasing use of silver in turn allowed the state to exact transfer taxes in silver, providing it with an economic incentive to further document and enforce private property titles and transfers.
The papers in this volume re-assess 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.
There are many books that discuss the coins from specific periods of Egyptian history, but there are none that consider the coins from the whole of that history. This work aims to provide such an account, covering the currency from ancient times through the Ptolemaic, Roman, Byzantine, Arabic, and Ottoman periods to modern times. An important feature of the work is the illustration of a selection of about 150 coins and banknotes that represent the major types throughout that history. Adjunct to this selection of these illustrations is a “key” that provides further numismatic detail about each of the coins in it. A difficulty with Egyptian coinage is that it includes inscriptions in many languages. Some notes in the key to the coins and in the appendices are provided to give a little help in this. In addition to providing a chronological account of the currency, the coins and notes are related to aspects of the daily lives of the people of each period and also to some aspects of the development of the state, particularly its architecture.
Amyrtaeus, only pharaoh of the Twenty-eighth Dynasty, shook off the shackles of Persian rule in 404 BCE; a little over seventy years later, Ptolemy son of Lagus started the ‘Greek millennium’ (J.G. Manning’s phrase) in Egypt―living long enough to leave a powerful kingdom to his youngest son, Ptolemy II, in 282. In this book, expert studies document the transformation of Egypt through the dynamic fourth century, and the inauguration of the Ptolemaic state. Ptolemy built up his position as ruler subtly and steadily. Continuity and change marked the Egyptian-Greek encounter. The calendar, the economy and coinage, the temples, all took on new directions. In the great new city of Alexandria, the settlers’ burial customs had their own story to tell.
With its emphasis on the dynasty's concern for control of the sea – both the Mediterranean and the Red Sea – and the Nile, this book offers a new and original perspective on Ptolemaic power in a key period of Hellenistic history. Within the developing Aegean empire of the Ptolemies, the role of the navy is examined together with that of its admirals. Egypt's close relationship to Rhodes is subjected to scrutiny, as is the constant threat of piracy to the transport of goods on the Nile and by sea. Along with the trade in grain came the exchange of other products. Ptolemaic kings used their wealth for luxury ships and the dissemination of royal portraiture was accompanied by royal cult. Alexandria, the new capital of Egypt, attracted poets, scholars and even philosophers; geographical exploration by sea was a feature of the period and observations of the time enjoyed a long afterlife.