It remains the only attempt at a general overview on this subject, and it is widely recognized as the starting point for research on Athenian economy. Ancient Greek Economy According to the Ancient Greek Economy did mean the same thing as it does to us. Many Greek people made things for the traders to sell: wool cloth, wine, perfume, and fancy pottery. A collection of essays by different specialists, but written for the non-specialist. Bulletin of the Institute of Classical Studies 80. If you have specific questions, please feel free to ask them here and I’ll answer them. A thematic but thorough analysis aiming to show the coherent internal logic of the economic system of the Greek city-states, whose degree of performance and capacity to respond to constraints should be judged in their specific historical and institutional context. You can find a good article on markets in ancient Greece here:, Not too long not too short i’m doing a PowerPoint and this was very helpful thanks. Economy and Society in Ancient Greece (1953). What were you trying to find out? This was great! A History of Sicily: Ancient Sicily To The Arab Conquest (1968). Press. I’m in 7th grade working on a project and I’m but wondering. Other Greeks were traders, who bought things at one port and sold them at another port, and made some profit for themselves along the way. Continued in Volume 2, Les espaces de l’échange (2008). 1985. So far, 100 articles have found sponsors - 2400 more sponsors needed! Athens was near the sea which was good because it meant they had a good harbor, and that they could trade easily. The Greeks sailed all over the Eastern Mediterranean. Other Greeks were pirates, who simply raided wherever they could and took whatever they could get. I love getting comments like that! We were thinking of the four corners of the world - four Quarters. As Athens plays a major role in the ancient sources, the Athenian case is often the standard on which general overviews and specific works on the economy of Greek city-states are based. They sold leather, and horses, and marble, and coal. Best research I could possibly find for my project, So what your saying is Greece had a poor economy? Nafissi, Mohammad. Oh, you mean what was the favorite food of ancient Greece? Bresson, Alain. Fishing was important to the Greek economy because people ate fish, for one thing. Thanks! Then traders carried this cloth on their boats to sell in other countries. As stated above, the ancient Greek economy has been the subject of a long-running debate that continues to this day. Around 561-0 B.C., Pisistratus, an Athenian political leader, formed a party called the Hill. Edited by Max Fränkel. Athenians bought and sold goods at a huge marketplace called the agora. Greek traders also sold this food across the Mediterranean, shipping wheat, olive oil, wine, honey, cheese, and meat. this is great info! It was good and gave information, but could you pls give more explanation, examples or statistics? nice resource!!! We’d love to talk! To say that Athens, Greece has multiple monuments and landmarks that are worth seeing is an understatement. “The Early Iron Age,” in Raaflaub and van Wees (eds. Do you have more stuff like this? Hi Tracy! Is that like us? Studies on new specific topics and the reconsideration of old ones, as well as the publication of new epigraphic documents and archaeological materials, are contributing to enrich the basis of available data and to extend the range and goals of a research field in constant progress. London: Institute of Classical Studies, School of Advanced Study, Univ. They made and sold a lot of cloth. For soldiers, the difference between fighting and raiding is not always very clear. Many Greek sailors worked as mercenaries, hiring out themselves and their ships to fight for other countries like Egypt. i love your story and thanks for the info but how did you know all that. And traders from many other countries also sold things in Greek ports. Well, think again! Athenian democracy was established in 508 BC under Cleisthenes following the tyranny of Isagoras. We want you to know why things happened, how that matters today, and what you can do about it. Scheidel, Walter, Ian Morris, and Richard Saller, eds. Berlin: Reimer. Or, if you or your folks would like to sponsor our Patreon, it’s here: i think it should include if they traded or used money more. But to the Greeks, economy meant something like “rules of a household” (the “eco” part of economy is from the Greek word for house, oikos. While sites like Syntagma Square and Plato’s Academy Park have been able to showcase the potential impact monuments can have on an entire community, the multiple landmarks that can be seen with Ancient Athens combined ticket provide incredible access to the ancient and modern … On this account, every discussion of Athenian economy must necessarily refer to the bibliography on Greek economy as a whole. Athenian Economy In Athens their economy was based on trade. So the economy was the way a household ran. Sather Classical Lectures 48. Lending and Borrowing in Ancient Athens. An economy is the way a community or region organizes the manufacture and exchange of money, food, products, and services. :-). The impact of limited crop production was somewhat offset by Greece's paramount location, as its position in the Mediterranean gave its provinces control over some of Egypt's most crucial seaports and trade routes. They did not have enough land to feed all their people so they took their neighbors land. 2d ed. Mostly I know it from reading the books that are listed in the bibliography, and many other books like that. Thank you for giving me info because i was studying for a test and i passed, i need more info please and thank you The word economy is Greek. The Ancient Greeks: An Introduction to Their Life and Thought (1963). and not worry about our bosses thinking we’re too feminist or too progressive or anything. By Nick Fouriezos. The Greeks traded items such … More or less; I am also teaching classes etc., but I usually answer pretty quickly. In Greece and the wider Aegean, local, regional, and international trade exchange existed from Minoan and Mycenaean times in the Bronze Age. These women were very important to the economy of ancient Greece. One reason for raiding was to capture women as prisoners of war. Greater Athens has an area of 165 square miles (427 square km). I’m glad we could help. 41 –63. For references to Athenian economy, chapters 10, 12–14, and 17 are particularly relevant, while chapters 2–6 deal with the more general determinant of economic performance in the ancient world. The Ancient Economy, by Moses Finley (1973, revised edition 1999). The economy of ancient Greece: A Greek man doing carpentry (Athens, 400s BC). December 12, 2020. They used written letters of credit, like today’s paper checks, or like writing a letter to your bank, to pay their bills. Over the last decades the latter viewpoint has come to the forefront thanks to the works of Moses I. Finley, whose influential ideas have defined the “new orthodoxy.” As a result, many studies of ancient Greek and Athenian economy have embraced and developed Finley’s approach and have been delineating a coherent model: Predominance of political and social factors and failure to understand the economic sphere as a separate and autonomous one would have prevented the emergence of a productive mentality at the private level and of economic policies at the public level, with repercussions on the development of agriculture, craft activities, technological progress, trade, credit institutions, financial management, and economic growth in general. Greek banks engaged in payment operations for trade and manufacturing. There, merchants sold their goods from small stands. You should be nice she took her time to make this, hi this helped me a little bit more than nothing lol but thank you. The early Mycenaean period (c. 1550 - 1100 BCE) saw massive fortresses rise all over Greece, and Athens was no exception. Le lieu a ouvert ses portes en 1977. They also traded ship building materials, linen pitch, grain, wine, pottery, and olive oil. Thank you, Ace! They also fought as soldiers for other countries, and did a lot of piracy too. Easy reading. Thanks Karen. So while ancient Athens met its crisis with a surplus of nearly $25,000 per citizen, the US has a deficit of $80,000 per citizen. Economy and Society in Ancient Greece, by Moses Finley (revised edition 1983), Economic and Social History of Ancient Greece: An Introduction by M.M. The eisphorá tax was a tax on the wealth of the rich, but it was only collected when needed. This information is great, I am very grateful for your time to make this, it is a great advantage for school work, THANK YOU! I’ve added a paragraph at the end about that. -- Created using PowToon -- Free sign up at -- Create animated videos and animated presentations for free. Austin and P. Vidal-Naquet (1980). Merchants had to pay a percentage of the value of anything they brought in or shipped out. Just read your reply for my other comment. Hi Tony! Athens lies 5 miles (8 km) from the Bay of Phaleron, an inlet of the Aegean (Aigaíon) Sea where Piraeus (Piraiévs), the port of Athens, is situated, in a mountain-girt arid basin divided north-south by a line of hills. What were you looking for? Athens, about 490-470 BC). I’ll answer your questions in the comments; just ask away. Economic and Social History of Ancient Greece: An Introduction,,, Who we are:' mission and history. A woman making a large pot, in a pottery workshop (Caputi hydria, by the Leningrad painter. , this is a great resource thanks for taking the time to make it. New Haven: Yale University Press. Some of it I know from digging up archaeological sites myself, and seeing what we found for myself. Sign me up! First published in 1973. 2005. Athenians could … Hence, the assessment of the performance of each specific system (ancient as well as modern) depends on the analysis of the internal logic of the institutions; for example, how they respond to the constraints of the concrete framework where they operate, which transactional costs they produce, how they use the natural resources at their disposal, and so on. Die Staatshaushaltung der Athener. Homer's Iliad and Odyssey portray the Mycenaeans as great warriors and seafaring people, and there is no doubt they traded widely throughout the Aegean and Mediterranea… Expand or collapse the "in this article" section, Types of Rural Properties and Methods of Exploitation, Expand or collapse the "related articles" section, Expand or collapse the "forthcoming articles" section, Art and Archaeology, Research Resources for Classical, Bilingualism and Multilingualism in the Roman World. Economy Athens traded with Italy and Egypt. It was called the Hill because its members were poor hillsmen from the highlands, but it also included the poorer classes in Athens. It’s not exactly like us, is it? In Ancient Greece, shop centers were referred to as agoras, which m… The Greeks did not have the same idea of an economy that we have. Experts write all our 2500 articles (and counting! of California Press. They built different kinds of ships for different kinds of sailing. Overall, the economy of ancient Athens became the forerunner of the medieval economies of Europe several centuries later. by stealing it? And remember– the entire size of the US economy is $19.5 trillion according to the federal government’s latest data. And the “nomy” part is from nomos, their word for law). Bankers in each city wrote letters back and forth figuring out who owed how much to whom. What were you trying to find out? Oop! Do our soldiers fight for other countries (I mean, apparently this week we do fight for Saudi Arabia, but generally we don’t, do we?). Cambridge, UK: Cambridge Univ. So not a poor economy, just poor farmland. Reach out on twitter (@Quatr_us) or Instagram ( or by email (karen @ More great articles/no distracting ads? Briefly stated, the debate began in the late nineteenth century and revolved around the issue of whether the economy was “primitive” or “modern.” These were a poor choice of terms with which to conceptualize the ancient Greek economy and are to a great extent responsible for the intractability of the debate. Ancient Athens and modern ideology: Value, theory, and evidence in historical sciences; Max Weber, Karl Polanyi, and Moses Finley. Did you find out what you wanted to know about the economy of ancient Greece? 2007. hello, im trying to find stuff out in my s.s. class, but, i cant find anything i need at all, probaly cause i dont know how :/ plus im only in 6th grade. Sorry! Also, Bresson 2007 is an innovative and compelling study that analyzes the structures and dynamics of production and exchange of the Greek city-states, embracing the approach of new institutional economics. If you have (or if you are) a teacher or librarian who would like to link to this site, we’d be very grateful, so other students could find it! A parallelism exists not only concerning thinkers' statist sympathies, but also the rivalry between two radically opposed notions of government and individual freedom. If you have a teacher or a librarian who could link to us, that would really help other students to find this site and we’d super appreciate it! of London. Well, that’s a good question! Send all your ideas! Did you have any specific questions? The famous Athens’ Owl was the dominant silver coinage of the Ancient World after the defeat of Babylon. It reacted to the then-prevailing modernist interpretation of ancient economy, arguing from a substantivist perspective that economic activities and performances were limited by the overriding weight of the value system and the social-political structure on individual and collective behavior. Nonetheless, many aspects and fundamental principles of this model have been revised or attacked, and more recently the bibliography has been enriched by studies that question the old parameters of the debate and look for new theoretical approaches, such as that of new institutional economics (NIE). I could not find where their main source of income is can you help me find it. Thanks! You could not be signed in, please check and try again. Ancient Athenian Economy. What do you think I should take out? Ancient Greece: Home Daily Life & Social Structure > > Culture Contributions & Legacy Useful Resources Bibliography Greek Translation Spartan Economy In Sparta their economy is relied on farming and on conquering other people. The economy of Ancient Athens relied heavily on trade. The economy of ancient Greece was pretty varied. :-), Thank you, this info is very helpful. Even if they found work, there are indications that many were not fully benefiting from Athens' economy. 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