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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, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in PRSO for personal use.date: 04 June 2020

The Emporion and the Markets

The Emporion and the Markets

Chapter:
(p.306) XII The Emporion and the Markets
Source:
The Making of the Ancient Greek Economy
Author(s):

Alain Bresson

, Steven Rendall
Publisher:
Princeton University Press
DOI:10.23943/princeton/9780691183411.003.0012

This chapter examines how the emporion served as an important tool for Greek city-states to regulate the markets. It first provides an overview of the emporion, defined as a “trading port” or “the port area,” and thus also the “business area,” along with its constraints and advantages. It then considers how foreign trade was supervised in cities and goes on to describe the function of the deigma, the place where business was transacted. It also discusses the rules of the emporion and the role of commercial courts in handling legal matters relating to international trade, citing trials concerning large-scale trade. In particular, it looks at “commercial suits,” which gives anyone the opportunity to obtain quick and impartial justice in the Athenian courts. Finally, it analyzes the ways in which the city intervened directly in the negotiation of prices in the emporion as part of a policy of supplying the domestic market, with particular emphasis on the regulation of grain sales in the form of purchase funds and price controls.

Keywords:   emporion, deigma, commercial courts, international trade, commercial suits, prices, markets, grain sales, purchase funds, price control

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