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Athenian Economy and Society

A Banking Perspective

Edward Cohen

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Princeton University Press img Link Publisher

Geisteswissenschaften, Kunst, Musik / Geschichte

Beschreibung

In this ground-breaking analysis of the world's first private banks, Edward Cohen convincingly demonstrates the existence and functioning of a market economy in ancient Athens while revising our understanding of the society itself. Challenging the "primitivistic" view, in which bankers are merely pawnbrokers and money-changers, Cohen reveals that fourth-century Athenian bankers pursued sophisticated transactions. These dealings--although technologically far removed from modern procedures--were in financial essence identical with the lending and deposit-taking that separate true "banks" from other businesses. He further explores how the Athenian banks facilitated tax and creditor avoidance among the wealthy, and how women and slaves played important roles in these family businesses--thereby gaining legal rights entirely unexpected in a society supposedly dominated by an elite of male citizens.


Special emphasis is placed on the reflection of Athenian cognitive patterns in financial practices. Cohen shows how transactions were affected by the complementary opposites embedded in the very structure of Athenian language and thought. In turn, his analysis offers great insight into daily Athenian reality and cultural organization.

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Schlagwörter

World economy, Constitution of the Athenians, Economic history, Domestication, Slavery in ancient Greece, Currency, Financial transaction, Notary, Return on capital, A World Transformed, Household, Trade Through, Payment, Ancient Greece, Economic interdependence, Economic Life, Political system, Tax, Customer, Bank, Debtor, Credit (finance), Economy, Wealth, Consideration, Market economy, Political economy, Slavery, Capital asset, Expense, Demosthenes, Classical Athens, Provision (accounting), Asset, Income, Money market, Fiat money, Law court (ancient Athens), Finance, Contemporary society, Credit risk, Opisthodomos, Debt, Financial asset, Neoclassical synthesis, Pawnbroker, Institution, Money supply, Economy and Society, Payment order, Capitalism, Utilization, Hellenistic period, Money changer, Repayment, Funding, Economics, Creditor, Economic liberalization, Pontic Greeks, Capital market, International Trade Organization, The Ancient Economy, Stock market, Interest rate, Supply (economics), Market liquidity, Deposit account, Purchasing power, Culture of Greece