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The Making of the Ancient Greek EconomyInstitutions, Markets, and Growth in the City-States$
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Alain Bresson

Print publication date: 2018

Print ISBN-13: 9780691183411

Published to Princeton Scholarship Online: January 2019

DOI: 10.23943/princeton/9780691183411.001.0001

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PRINTED FROM PRINCETON SCHOLARSHIP ONLINE (www.princeton.universitypressscholarship.com). (c) Copyright Princeton University Press, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in PRSO for personal use.date: 19 September 2019

The Economy of Ancient Greece: A Conceptual Framework

The Economy of Ancient Greece: A Conceptual Framework

Chapter:
(p.1) I The Economy of Ancient Greece: A Conceptual Framework
Source:
The Making of the Ancient Greek Economy
Author(s):

Alain Bresson

, Steven Rendall
Publisher:
Princeton University Press
DOI:10.23943/princeton/9780691183411.003.0001

This chapter describes the conceptual framework used by the book to study the economy of ancient Greece. It begins with a discussion of the debate between “primitivists,” represented by Karl Bücher, and “modernists,” represented by Eduard Meyer, over the nature of the ancient Greek economy. It considers Bücher's adherence to the so-called German Historical School of Political Economy and goes on to examine the views of Moses I. Finley and Max Weber regarding the ancient economy, Karl Polanyi's use of institutionalism as an approach to the study of the ancient economy, and the main assumptions of New Institutional Economics (NIE) with regard to the genesis and evolution of institutions. The chapter also analyzes the transaction costs theory and concludes with an assessment of criticisms against the classical economists' economic agent, the homo economicus, and the influence of constrained choices and limited rationality on economic performance.

Keywords:   modernists, Karl Bücher, Eduard Meyer, Greek economy, primitivists, German Historical School of Political Economy, Moses I. Finley, Max Weber, New Institutional Economics, transaction costs

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