By Edward Cohen
During this ground-breaking research of the world's first inner most banks, Edward Cohen convincingly demonstrates the lifestyles and functioning of a marketplace economic system in old Athens whereas revising our realizing of the society itself. demanding the "primitivistic" view, during which bankers are purely pawnbrokers and money-changers, Cohen unearths that fourth-century Athenian bankers pursued refined transactions. those dealings--although technologically some distance faraway from glossy procedures--were in monetary essence exact with the lending and deposit-taking that separate precise "banks" from different companies. He extra explores how the Athenian banks facilitated tax and creditor avoidance one of the prosperous, and the way girls and slaves performed vital roles in those family members businesses--thereby gaining felony rights totally unforeseen in a society supposedly ruled through an elite of male citizens.Special emphasis is put on the mirrored image of Athenian cognitive styles in monetary practices. Cohen indicates how transactions have been suffering from the complementary opposites embedded within the very constitution of Athenian language and notion. In flip, his research deals nice perception into day-by-day Athenian fact and cultural association.
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Extra resources for Athenian Economy and Society: A Banking Perspective
Thus statistical analysis of Athenian trade and finance takes two forms: (1) the "comparative percentage" methodology, which is applied to two or more groupings of data, and (2) the "conclusory generalization," which either determines (from the presence of a few examples) that a phenomenon was generally 7Difllculties are encountered even where the manuscript tradition is consistent and clear. For example, all codices of the book text of Thucydides report that the highest amount of coined silver ever maintained on the Akropolis amounted to 10,000 talents (Thuc.
See Randall 1953: 208. The architect himself received a single drachma, but his assistant only 5 obols. See Paton 1927: 330. 0. H—Ill2 1672—73: 329/8 and 327/6) report pay of 1½ dr. for unskilled laborers, 2 or 2½ dr. for skilled workmen. Cf. M. Jones  l977a: 135 n. tev Stockton 1990: 9—10. Humphreys (1978: 174) values at "18,000 days' pay at contemporary rates" an Athenian mercenary's two-talent estate (the subject of lsaios 4). For similar estimates, see Davies 1971: xxii n. 6, 1981: 9.
Surviving evidence, however, does not lend itself to mathematically precise use. The fragmentary nature of the material has exacerbated the subjectivity inherent in scholarly selection of sources deemed relevant. Efforts to marshal this evidence in a scientific manner have often resulted only in an objective wrapping, seemingly authoritative to the nonspecialist, for what often remains an entirely subjective analysis, yielding (at best) inconclusive results. Thus statistical analysis of Athenian trade and finance takes two forms: (1) the "comparative percentage" methodology, which is applied to two or more groupings of data, and (2) the "conclusory generalization," which either determines (from the presence of a few examples) that a phenomenon was generally 7Difllculties are encountered even where the manuscript tradition is consistent and clear.