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Item Details
Title: MONEY IN PTOLEMAIC EGYPT
FROM THE MACEDONIAN CONQUEST TO THE END OF THE THIRD CENTURY BC
By: Sitta von Reden
Format: Paperback

List price: £44.99
Our price: £39.37
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ISBN 10: 0521130549
ISBN 13: 9780521130547
Availability: Usually dispatched within 1-3 weeks.
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Publisher: CAMBRIDGE UNIVERSITY PRESS
Pub. date: 23 December, 2009
Pages: 380
Description: Explores the impact of the gradual adoption of coinage into Egypt by the early Ptolemies.
Synopsis: This 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.
Illustrations: 18 b/w illus. 2 maps 3 tables
Publication: UK
Imprint: Cambridge University Press
Returns: Returnable
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