Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 2 of 2
Full-Text Articles in Economics
Extraordinary Episodes Of Ancient Money, Francis Louis Kailey
Extraordinary Episodes Of Ancient Money, Francis Louis Kailey
Honors Theses
The spread of coins, which occurred throughout the archaic and classical periods of Greece, was a foundational advancement toward forms of the modern economy. Modern theory has sought to explain the invention of coins with a variety of narratives. Generally, these narratives fall into two broad categories: market-driven monetization or state-driven monetization. On the one hand, some theory argues that coins developed from reducing private transaction costs. On the other hand, some theorists argue that the state benefitted from reductions in administrative costs from the use of coins and therefore undertook the cost of minting them. This thesis problematizes these …
Capitalism In Ancient Rome And Ancient Greece: Risk And Unethical Business, Sam Goldman
Capitalism In Ancient Rome And Ancient Greece: Risk And Unethical Business, Sam Goldman
Honors Theses
This thesis compares the business practices of the upper classes of ancient Greece, and ancient Rome. Specifically, I dissect the business decisions that were made with an effort to increase social status. I will focus on the relationship between the social perception of material wealth and the risk or (unethical business practices) that ancient members of the upper classes faced when they attempted to increase their material wealth. In my first chapter I look at the issuance of maritime loans and the risk associated with this type of finance. I discuss the origin of the business, some of the factors …