• Print this page

The Invention of Coinage and the Monetization of Ancient Greece

David M. Schaps
Reveals how the concept of money did not materialize until the invention of Greek coinage

Description

The invention of coinage was a conceptual revolution, not a technological one. Only with the invention of Greek coinage does the concept "money" clearly materialize in history. Coinage appeared at a moment when it fulfilled an essential need in Greek society, bringing with it rationalization and social leveling in some respects, while simultaneously producing new illusions, paradoxes, and elites.

In an argument of interest to scholars of ancient history and archaeology as well as to modern economists, David M. Schaps addresses a range of issues pertaining to major shifts in ancient economies, including money, exchange, and economic organization in the Near East and Greece before the introduction of coinage; the invention of coinage and the reasons for its adoption; and the development of using money to generate greater wealth.

David M. Schaps is Professor of Classics at Bar-Ilan University in Israel.

Praise / Awards

  • "This book is a magisterial and pioneering treatment of a subject of seminal importance. Schaps's erudition is impressive—but leavened by a pleasant style and tone. In my opinion, the volume will generate interest among a wide audience, and should stimulate (and expedite) further research among specialists."
    —Edward Cohen, University of Pennsylvania
  • "In this absorbing book David Schaps demonstrates that the Greeks were the first people in history to make widespread use of coinage, and so to have the concept of money, and that this relatively unappreciated fact is vital for understanding Greek society of the archaic and classical periods. This long overdue case is made by David Schaps with enormous intelligence and charm."
    —Richard Seaford, University of Exeter
  • "Schaps provides intriguing food for thought for both ancient historians and modern economists. He argues that money existed before coinage, but that the invention of coinage reduced the costs of transactions enough to revolutionize life in ancient times, making monetization in ancient Greek society a crucial turning point in world history."
    —Peter Temin, Massachusetts Institute of Technology
  • Winner of the 2010 Arie Kindler prize, awarded by the Israel Numismatic Society, Tel-Aviv Branch

Look Inside

Copyright © 2004, University of Michigan. All rights reserved. Posted May 2004.

To view PDF files, you must have Adobe Acrobat Reader installed on your computer. To find out more, please visit http://www.press.umich.edu/pdf/pdf_instructions.jsp.

News, Reviews, Interviews

More about the Arie Kindler prize and the Israel Numismatic Society, Tel-Aviv Branch at www.numis.co.il

Product Details

  • 312 pages.
  • 13 B&W photographs.
Available for sale worldwide

  • Ebook
  • 2010
  • Available
  • 978-0-472-02533-6


  • PDF: Adobe Digital Editions e-book (DRM Protected)

Add to Cart
  • $34.95 U.S.

  • Kindle

Add to Cart
  •  

Choosing any of the above format options will take you to the appropriate e-retailer to complete your purchase. Pricing may vary by individual e-retailer. Please see e-retailer site for purchasing information.

For more information about our Digital Products, including reading systems and accessible formats, visit our Digital Products page.


Related Products


Add to Cart
  • $90.00 U.S.


Add to Cart
  • $34.95 U.S.

nothing
nothing
nothing

Stay connected