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    Money in Ptolemaic Egypt: From the Macedonian Conquest to the End of the Third Century BC

     
    Money in Ptolemaic Egypt: From the Macedonian Conquest to the End of the Third Century BC

    Description

    First book to explore the impact of Alexander the Great's introduction of coined money on the economy and society of Egypt and 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 chora. Under Ptolemy II, however, Egypt was aggressively monetised. Using both numismatic and papyrological evidence, the workings of a rural monetary economy are reconstructed where 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, the book offers a new picture of their function in the ancient economy.

    Product details

    EAN/ISBN:
    9780521852647
    Edition:
    1
    Format:
    Illustriert
    Medium:
    Bound edition
    Number of pages:
    378
    Publication date:
    2007-12-06
    Publisher:
    Cambridge University Press
    EAN/ISBN:
    9780521852647
    Edition:
    1
    Format:
    Illustriert
    Medium:
    Bound edition
    Number of pages:
    378
    Publication date:
    2007-12-06
    Publisher:
    Cambridge University Press

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