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The origins of money in Ancient Greece: the political economy of coinage and exchange


  • Mark S. Peacock


Recent work on Ancient Greece sheds light on the origins of money and its effects on economy and society. This review essay analyses such work and relates it to themes familiar to economists. It examines monetary functions in the heroic world and the effects of introducing coinage in Classical Athens. It attends to the role of the state in the development of money and to the form which money took. It also considers the role of money in the administration of justice. In conclusion, the author asks whether money in the Near East pre-dates Greek money. Copyright 2006, Oxford University Press.

Suggested Citation

  • Mark S. Peacock, 2006. "The origins of money in Ancient Greece: the political economy of coinage and exchange," Cambridge Journal of Economics, Oxford University Press, vol. 30(4), pages 637-650, July.
  • Handle: RePEc:oup:cambje:v:30:y:2006:i:4:p:637-650

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    Cited by:

    1. Eric Tymoigne, 2017. "On the Centrality of Redemption: Linking the State and Credit Theories of Money through a Financial Approach to Money," Economics Working Paper Archive wp_890, Levy Economics Institute.
    2. Daniel D’Amico, 2010. "The prison in economics: private and public incarceration in Ancient Greece," Public Choice, Springer, vol. 145(3), pages 461-482, December.
    3. Alla Semenova & L. Randall Wray, 2015. "The Rise of Money and Class Society: The Contributions of John F. Henry," Economics Working Paper Archive wp_832, Levy Economics Institute.
    4. Sarah Skwire & Steve Horwitz, 2015. "Lady Pecunia at the Punching Office: Two Poems on Early Modern Monetary Reform," Journal of Private Enterprise, The Association of Private Enterprise Education, vol. 30(Spring 20), pages 107-120.

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