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The Economy of Late Achaemenid and Seleucid Babylonia

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Description

On this book Reinhard Pirngruber provides a full reassessment of the economic structures and market performance in Late Achaemenid and Seleucid Babylonia. His approach is informed by the theoretical insights of New Institutional Economics and draws heavily on archival cuneiform documents in addition to providing the first exhaustive contextualisation of the price data contained in the Babylonian Astronomical Diaries. Historical information gleaned from the accounts of both Babylonian scholars and Greek authors shows the affect of imperial politics on prices in type of exogenous shocks affecting supply and demand. Attention may be paid to the amount of cash in circulation. Moreover, the usage of regression analysis in modelling historical events breaks new ground in Ancient Near Eastern Studies and gives new impetus to the usage of brand new economic theory. The book explains the theoretical and statistical methods used in order that it’s accessible to the full range of historians.

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