Money in Ptolemaic Egypt
From the Macedonian Conquest to the End of the Third Century BC
By (author) Sitta von Reden
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Money in Ptolemaic Egypt by Sitta von Reden
Book DescriptionThis book explores 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 in 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 fresh picture of their function in the ancient economy.
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Book DetailsISBN: 9780521852647
(228mm x 152mm x 25mm)
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 6-Dec-2007
Country of Publication: United Kingdom
Books By Author Sitta von Reden
Money in Classical Antiquity, Paperback (November 2010)
A comprehensive analysis of the impact of money on the economy, society and culture of the Greek and Roman worlds.
Money in Ptolemaic Egypt, Paperback (February 2010)
Explores the impact of the gradual adoption of coinage into Egypt by the early Ptolemies.
Exchange in Ancient Greece, Paperback (January 2003)View all books by Sitta von Reden
Looking at Homer, Athens and money, this text examines the economy of Ancient Greece and the complexity of ancient trade.
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Author Biography - Sitta von Reden
Sitta von Reden is Lecturer in Ancient History at the University of Augsburg, having previously taught at Bristol. She is the author of Exchange in Ancient Greece (1995) and co-editor, with Paul Cartledge and Paul Millett, of Kosmos: Essays in Order, Conflict and Community in Classical Athens (1998).
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