The economy of classical Athens : organization, institutions and society
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The economy of classical Athens : organization, institutions and society
（Routledge explorations in economic history）
Routledge, 2024
- : pbk
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Includes bibliographical references and index
Summary:"In parallel to the development of democracy, the Athenians of the Classical period established a series of sophisticated economic institutions for the times through which they developed a maritime and commercially oriented economy. This book provides a thorough analysis of this transformation and the functioning of the Athenian economy during the Classical period. Through the approach of New Institutional Economics (NIE), the book explores the establishment of key institutions including property rights protection, the legal protection of commercial contracts, prices determined by the forces of demand and supply, institutions against profiteering, banking services, the provision of loans through interest rates, consumer credit, insurance companies and a (primitive) version of joint stock companies. Furthermore, the book focuses on the structure of the public sector, on how the state budget was determined and on how decisions on public revenues and expenditures were made. It also provides an integrated
