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Trade in the Ancient MediterraneanPrivate Order and Public Institutions$
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Taco Terpstra

Print publication date: 2019

Print ISBN-13: 9780691172088

Published to Princeton Scholarship Online: January 2020

DOI: 10.23943/princeton/9780691172088.001.0001

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PRINTED FROM PRINCETON SCHOLARSHIP ONLINE (www.princeton.universitypressscholarship.com). (c) Copyright Princeton University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in PRSO for personal use.date: 24 July 2021

Public Institutions and Phoenician Trade

Public Institutions and Phoenician Trade

Chapter:
(p.33) 2 Public Institutions and Phoenician Trade
Source:
Trade in the Ancient Mediterranean
Author(s):

Taco Terpstra

Publisher:
Princeton University Press
DOI:10.23943/princeton/9780691172088.003.0002

This chapter discusses the trade diaspora, an institution that was all but obligatory for regular, long-distance trade in the absence of third-party enforcement. Traders could do business in a foreign community because people from their homeland had moved there permanently and could vouch for them. If a promise to pay or deliver according to agreement was not fulfilled, foreign settlers could be held accountable for any debt of their fellow citizens. All members of a diaspora network—itinerant and stationary alike—ultimately faced expulsion if they behaved opportunistically. The chapter then focuses on a single diaspora: the Phoenician. Because of their centuries-long Mediterranean mercantile tradition, one can trace their interaction with public institutions through much of Greco-Roman history.

Keywords:   trade diaspora, long-distance trade, third-party enforcement, traders, diaspora network, Phoenician diaspora, Mediterranean mercantile tradition, public institutions, Greco-Roman history

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