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15 - Markets

from Part III - Structures and Processes

Published online by Cambridge University Press:  21 July 2022

Sitta von Reden
Affiliation:
Albert-Ludwigs-Universität Freiburg, Germany
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Summary

The market in ancient Greece should be understood as a specific institutional construct, that of the city-state, which allowed its citizens to exercise private property rights guaranteed by law. By extension, free foreigners were also acknowledged these rights, which however extended to the private ownership of human beings (slavery). The city-state also created the conditions for an unusually high division of labour. Each city was a market space of its own, with its own rules and logic, which could include the control over sales margins and even sometimes the establishment of maximum prices for some perishable fresh goods. The network of hundreds of Greek city-states also created the conditions for the development of an original form of international market.

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Publisher: Cambridge University Press
Print publication year: 2022

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  • Markets
  • Edited by Sitta von Reden, Albert-Ludwigs-Universität Freiburg, Germany
  • Book: The Cambridge Companion to the Ancient Greek Economy
  • Online publication: 21 July 2022
  • Chapter DOI: https://doi.org/10.1017/9781108265249.015
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  • Markets
  • Edited by Sitta von Reden, Albert-Ludwigs-Universität Freiburg, Germany
  • Book: The Cambridge Companion to the Ancient Greek Economy
  • Online publication: 21 July 2022
  • Chapter DOI: https://doi.org/10.1017/9781108265249.015
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Markets
  • Edited by Sitta von Reden, Albert-Ludwigs-Universität Freiburg, Germany
  • Book: The Cambridge Companion to the Ancient Greek Economy
  • Online publication: 21 July 2022
  • Chapter DOI: https://doi.org/10.1017/9781108265249.015
Available formats
×