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Money, law and exchange: coinage in the Greek Polis
Published online by Cambridge University Press: 23 February 2012
Extract
It has long been recognised that money is both a reality and an ideology. Yet the interaction between the two, the extent to which all-purpose money, in ancient Greece first realised in the use of coinage, brings about particular ideologies of value and exchange, while at the same time being framed by them, rarely comes into focus. Like literacy, money has frequently been taken as a culturally independent cause for particular effects both at the social and economic as well as the ideological level. In this paper I wish to complicate the story of monetization by relating its ideological superstructure in the Greek polis to the particular institutions in which it circulated.
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References
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27 ICret II 9 (fifth cent.). For the date of the inscription see Jeffery (n.22) 316. For the absence of coinage in Axos before 380-70; see Le Rider (n.23) 197.
28 Koerner, no. 72-73; van Effenterre and Ruzé, no. 91.
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40 Furtwängler (n.38) 89.
41 See Furtwängler (n.38) against Courbin (nn. 38 and 39).
42 Strøm (n.36) 42, 48; for a list of banquet equipment including obeliskoi, see the fourth-century inscription from Chostia in Boeotia, (BCH 62 (1938) 149 ffGoogle Scholar.); cf. Tomlinson, R.A., ‘Two notes on possible hestiatoria’, BSA 75 (1980) 221 ffGoogle Scholar. I do not find the two sixth-century examples Strøm cites convincing evidence.
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44 Hom. Il. 9.632-8; cf. von Reden, 18-24.
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49 M/L 2; Koerner, no 91; cf. id, ‘Beamtenvergehen und deren Bestrafung nach frühen griechischen Inschriften’, Klio 69 (1987) 450-98, esp. 451 ff.
50 Thus P.J. Rhodes in a personal communication.
51 Ehrenberg, V., ‘An early source of polis-constitution’, CQ 37 (1943) 14–18,CrossRefGoogle Scholar esp. 14. See also Hölkeskamp (n.8) 136, and SEG 28.103.39-41 for a parallel example.
52 The reading of the text is controversial, see for discussion Koerner, no 37; van Effenterre and Ruzé, no 23.
53 Koerner (n.49) 475-6; id., ‘Vier frühe Verträge zwischen Gemeinwesen und Privatleuten auf griechischen Inschriften’, Klio 63 (1981) 179-206, esp. 193; Hölkeskamp (n.8) 150.
54 Koerner, no 121; van Effenterre and Ruzé, no 82.
55 See also ICret IV 78, 4 ff. See for both Willetts (n.46) 105 f.; Gagarin (n.45) 135; Koerner (n.49) 455-7, 478-9; Hölkeskamp (n.8) 150.
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60 Kurke (unpublished) quoting Morris (n.9) 21.
61 Most recently Hölkeskamp (n.8), cf. Detienne (n.8); Gagarin (n.8) 130 ff. For the continuous penetration of political activity with sacred ritual well into the classical period see Connor, W.R., ‘Sacred and secular: hiera and hosia in the classical Athenian concept of the state’, AncSoc 19 (1988) 161–88Google Scholar.
62 Thomas (n.8) 69 ff. Attention should be drawn here also (a) to the sympotic context in which the constitutional ideas of Solon on the one hand and the laws of Charondas on the other were expressed: Camessa, G., ‘Aux origines de la codification écrite des lois en Grèce’ in Detienne, M. (ed.), Les savoirs de l'écriture en Grèce ancienne (Lille 1988) 130–55;Google ScholarPiccirilly, L., ‘“Nomoi” cantati et “nomoi” scritti’, Civilità classica et cristiana 2 (1981) 7–14;Google Scholar and (b) to the exclusively elite context in which the scribe Spensithios was employed and paid a misthos of 20 drachmai (coins or bullion) in Crete (c. 500 BC); cf. Jeffery, L.F. and Morpurgo-Davies, A., Kadmos 9 (1970) esp. p. 137;CrossRefGoogle Scholarvan Effenterre, H., ‘Le contrat de travail du scribe Spensithios’, BCH 97 (1973) 31–46;CrossRefGoogle Scholar for the social context see Stoddard and Whitley (n.48) 766; and, perhaps slightly overstated, W. Eder, ‘The political significance of the codification of law in archaic societies’, in Raaflaub, K.A., Social struggles in archaic Rome (Berkeley 1986) 262–300Google Scholar.
63 Particularly useful for the question of money use in matrimonial payments is Camaroff, J.L. (ed.), The meaning of marriage payments (Cambridge 1980);Google Scholar see esp. the articles by D. Parkin, ‘Kind bridewealth and hard cash: inventing a structure’, 197-218, and D.B. Rheubottom, ‘Dowry and wedding in Yugoslav Macedonia’, 221-31; fascinating material is also extant for Egypt under Persian rule, where high-value (foreign) coins became part of the dowry in Egyptian families long before taxation and market exchange were monetized; see Lüddeckens, E., Ägyptische Eheverträge (Wiesbaden 1960);Google ScholarPestman, P.W., Marriage and matrimonial property in ancient Egypt (Leiden 1961)Google Scholar.
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68 Di Lello-Finuoli (n.64) 293 f; Morris (n.64) 108 f.
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70 Ath. 12. 522 c; cf. RE, Bd I.1 (1893) s.v. ‘agones’ 836-66, esp. 847-9; Rudolph (n.69) 1477 f.; Pleket, ‘Games’ (n.69) 57.
71 IG II2 2311; Pind. Nem. 10.39-48; Schol. Pind. Ol. 7.51; Nem. 10.27; Poll. VII.67. Cf. Ebert, 55; Pleket, 57; RE Bd. II.4 (1896) s.v. ‘athlon’ 2058-63.
72 RE s.v. ‘athlon’ (n.71), 2060 still most comprehensive.
73 London, British Museum, Jeffery (n.25) 238, no. 8; Amandry, , BCH 95 (1971) 618,CrossRefGoogle Scholar no. XI.
74 For an overview see Amandry, P., BCH 95 (1971) 602–26,CrossRefGoogle Scholar and Vanderpool, E., ‘Three prize vases’, AD 24.1 (1971) 1–5.Google Scholar Prizes for victory in games on the one hand, and athla awarded for excellence in warfare on the other can hardly be distinguished in the evidence. This is not accidental but points to the lasting interdependence of warfare, funerary games, and other athletic contests (cf. Arist. Ath.Pol. 58.1; Lys. II. 80, Plat. Men. 249b). Some objects with an athla inscription explicitly mention that they had been awarded for excellence in warfare, others are more ambivalent.
75 Noe, P., ‘The coinage of Metapontum’, NNM 41 (1931) 4–8,Google Scholar no. 311; Jeffery (n.?) 254, 260, no. 13. For the Olympian dedication see Tod, M.N., ‘Epigraphical notes on Greek coinage’ NC 6 7 (1947) 1 ffGoogle Scholar.; for the athla series see esp. the recent discussion by W. Fischer-Bossert, ‘ATHLA’, AA (1992) 39-60, with further literature. Fischer-Bossert himself regards this coinage as being issued to pay mercenaries under Dionysius I. Against this interpretation can be held the outstanding beauty of this coinage, and the fact that it is not found in hoards outside Sicily; see also Gallatin, A., Syracusan Dekadrams of the Euainetos type (Cambridge 1930)Google Scholar.
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77 Howgego, 63 and pl. 14.
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82 In an inscription of the late sixth century an athlete mentions all his victories in local games and in Nemea; Ebert, no 10; cf. Pind. Nem. 10.39 ff. See also Pleket, ‘Games’ (n.69) 57.
83 Ebert, 247-50, no 81 (after 244/5 AD).
84 Pleket, ‘Games’ (n.69) 61, n. 49; for the Theoxenia and its prizes see Ebert, no. 10, 55.
85 Paus. 6.3.11. In fact, all Cauloniates were made Syracuzan citizens under Dionysius; see Rudolph (n.69) 1480. Most such stories about bribery among athletes belong to the Hellenistic period; cf. Rudolph, ibid.
86 Pleket, ‘Soziologie’ (n.69) 70; for opsônia see Dörner, K.F., Der Erlaß des Statthalters von Asia Minor Paulus Fabius Persicus (Greifswald 1935) 39;Google Scholar Plin. Ep. 10, 118 f.; IvOl 56.
87 See for public spending Davies, J.K., Athenian propertied families (Oxford 1976) xvii ff;Google ScholarWhitehead, D., ‘Competitive outlay and comunity profit. Philotimia in classical Athens’, CetM 34 (1983) 55–74;Google Scholar von Reden, 79-104; for political pay M.M. Markle, ‘Jury pay and assembly pay at Athens’, in Cartledge, P. and Harvey, D., Crux: Studies presented to G.E.M. de Ste Croix on his 75th birthday (Exeter 1985) 289–326,Google Scholar also for older bibliography; add Schmitt-Pantel, P., Le cité au banquet (Rome 1992)Google Scholar and Millett, P. ‘Patronage and its avoidance’ in Wallace-Hadrill, A. (ed.), Patronage in ancient Society (London 1989) 15–47Google Scholar.
88 See on the latter Gernet (n.18).
89 Kopytoff (n.3); von Reden, 105 ff. for a similar ambivalence of the agora. Seaford, 223, emphasises more strongly the paradoxical capacity of money to create both order and disorder. As a universal equivalent, money relates the variety of goods to a single measure and thus, as law, creates order and coherence. Yet as an abstraction of things, a convention with no use in itself, it creates disorder because no limit is set to its accumulation. This observation goes back to the early modern metallist/anti-metallist controversy which was not least based on Aristotle (see further Hart, K., ‘Heads or tails? Two sides of the coin’, Man 21 (1986) 637–56)CrossRefGoogle Scholar. While it does explain Aristotle's ethical double bind about money, I do not find it particular helpful as an explanation for the problems raised in the texts i am discussing here.
90 Hartog, F., The mirror of Herodotus (California 1988, French orig. Paris 1980)Google Scholar. L. Kurke ‘Tyrants and transgression: Darius and Amasis’ (forthcoming) puts it succinctly: ‘when the narrative is explicit about others, it is in some sense also about the “same”—the Greeks who are both producers and consumers of Herodotus’ logoi. This is not simply because the Greeks can only imagine the “other” in terms of categories they know … but also because, whatever tales Greeks tell, it is the tensions and contestations of fifth-century polis society that are played out through them, even if only by a dream logic or compression, condensation, and inversion. Or, if we prefer to put it in terms of Herodotus as author of his text…we might say that, like every historian, Herodotus' perception and representation of key issues are shaped by the prevailing concerns of his era. Thus Herodotus cannot fail to see struggles like the struggles in the polis as the author of events, even when his gaze is fixed on Lydians or Persians or Egyptians.’
91 Gould, J., Give and take in Herodotus. Myres Memorial Lecture (Oxford 1991);Google Scholarcf. id., Herodotus (London 1989) 110 ff.
92 Kurke, 45, 49, 50 ff.
93 Kurke (n. 1) appeared when this paper was in progress; I apologize for overlaps. As I can only agree with much of what Kurke says, her paper should be consulted for further discussion of some of the following.
94 From a numismatic perspective, the Lydian origin of coinage is not ascertainable; see Howgego, 1-4. The Artemisium hoard contains coins which were issued both in Lydia and in Ionian cities and neither of them can be said to be earlier than the other. Moreover, the stories of the Lydian invention of coinage invariably refer to the gold and silver coinage of Croesus which (a) postdates the electrum coinage and (b), if identical with the so-called croeseids, cannot clearly be attributed to the time of Croesus (c. 561-547). Carradice suggests that the earliest known issues were contemporary with the early Greek coinages; see I. Carradice, ‘The “regal” coinage of the Persian empire’, in id. (ed.), Coinage and administration in the Athenian and Persian empires, BAR I.S.343 (Oxford 1987) 73-107; cf. Wallace (n.1) and id., ‘The production and exchange of early Anatolian electrum coinage’, REA 91 (1989) 87-95.
95 The Lydian habit was in fact the direct inversion of Greek habits: the deflection of matrimonial payments into the commercial sphere was morally objectionable and became a topos in oratory and comedy aiming to unmask the bad citizen. See von Reden, ‘The commodification of symbols: reciprocity and its perversions in Menander’ in Gill, C., Postlethwaite, N. and Seaford, R., Reciprocity in ancient Greece (Oxford forthcoming)Google Scholar.
96 Achil., fr. 19 (W); Hippias FGH 6 F 6; Poll. 9. 83; Hdt. 1.94. Coinage and tyranny in Greece: Ephor. FGH 70 F 115 and 176; Poll. 9.83; Et. Mag. s.v. obeliskos; see also Thuc. I. 13. See also Shell (n.3) 11-62, Steiner, 159-63, Seaford, 220-32.
97 Shell (n.4) 14 ff; Seaford, 224 f. with Plat. Rep. 359-60. The link between money and invisible power is overestimated in Shell's argument. As Kurke has shown, money could be used visibly (i.e. as a visible acknowledgment of social positions), as well as invisibly (Kurke (n.80) 225-39); conversely, the distinction between phanera ousia and ousia aphanês, which was important in Greek politics and law, did not so much refer to real property as opposed to money, but rather to the distinction between property owned in the form of possessions and that owned in the form of claims; cf. L. Gernet, ‘Things visible and things invisible’, in id., The anthropology of ancient Greece (Baltimore 1981, French orig. Paris 1968); Seaford is more careful, relating the invisibility of the tyrant's power and that of coinage to the idea that both are derived from an unseen and therefore mysterious source (Seaford, 225).
98 Steiner, 195.
99 Ibid., 163
100 Hartog (n.89) 325 f. Kurke's (n.89) retrojection of Herodotean problematizations of tyranny to the sixth century seems to me unpersuasive.
101 Hartog (n.89); see also McGlew, J.F., Tyranny and political culture in ancient Greece (Ithaca and London 1993) 26Google Scholar.
102 L. Gernet, ‘Marriages of Tyrants’, in id., The anthropology of ancient Greece (Baltimore 1981, French orig. Paris 1968) 289-302, esp. 292-5.
103 Seaford, too, notes an analogy of endogamy/incest and monetary investments of the tyrant; yet in line with his general conceptualisation of money, he applies the analogy to the phenomenon of money as a whole, rather than to a particular use of money associated with tyranny (Seaford, 217-8).
104 Arist. EN 1122b20-1123a5; for the difference between aristocratic and democratic ideas about public spending see Davies (n.84), Whitehead (n.84), Kurke (n.80), 218-24, Seaford, 194-99, and also von Reden, 79-89.
105 Cf. Kurke (n.80) 218 ff.
106 The only coin type directly associated with a tyrant is that of Anaxilas' mule cart, commemorating his victory at Olympia in 484 or 480 (cf. above n.77), and even in this case the coins refer to being property of the cities (‘Messenion’ or ‘Rheginon’) rather than of the tyrant.
107 See Wallace (n.21) 393 ff.; Wallace writes, ‘Coinage represented a quite simple discovery, that the guarantee of redeemability by the state was a means of stabilizing value of precious metal. This was a discovery of enormous consequences for later economic and political history. In seventh-century Anatolia it was intended to solve only the particular problem posed by the special nature of electrum alloy' (p. 397). Wallace is, however, reluctant to concede social and internal political consequences to the stabilization of the value of precious metal by the state.
108 For the image of Darius as a physical monument see Kurke, 54, and Hdt. 1.185.1; 1.186.1; 2.110.1; 2.121.1; 2.148.1; 4.81.6; 7.24.
109 Hdt. 3.89. 3; cf. Kurke, 54-5.
110 See above, and Lloyd, A.B., Herodotus Book II. Vol II (Leiden 1988),Google Scholarad loc. Strøm (n.36) observes a concentration of obelos dedications in sanctuaries of Apollo, Athena and Hera.
111 Steiner, 165. For the samaina see Robinson, E.S.G., ‘A hoard of archaic coins from Anatolia’, NC 1 (1961) 107.Google Scholar This coin belongs, as Robinson argues, to a series which was struck by Samian refugees from Persia while they occupied Zankle (494 bc); cf. id., ‘Rhegion, Zankle-Messene and the Samians’, JHS 66 (1946) 13. The rather rare coinage nevertheless made an impression: see Suda s.v. polugrammatos.
112 van Groningen, B.A. and Wartelle, A., Aristote: Economique. Ed. Budé, (Paris 1968),Google Scholar date the second book to a time after the death of Alexander but before the proclamation of Macedon and Egypt as kingdoms (306-5 BC). For an even later dating see Forabosci, D., ‘Archaeologica della cultura economica’, in Virgilio, B. (ed.), Studi ellenistici (Pisa 1984) 75 ffGoogle Scholar.
113 Van Groningen and Wartelle (n.112) 53 f., note the moral discrepancy between the content of the stories and the Aristotelian discussion of exchange in NE 1120a3-1138b13, but do not attempt to explain it.
114 See further II.2. 20, 29, 39. Themocrates of Athens also mints a lead coinage, but he also made merchants accept it as silver, and later exchange back for it (23).
115 See also Oik. II.2. 13, 15, 20, 25, 29, 31, 32, 33, 41.
116 Hippias, too, accepts money from those who wish to avoid their liturgical duties (2) and Dionysius manages to make the citizens of Syracuse come forth with the property they had tried to hide in order to avoid a contribution (20).
117 I would like to thank Paul Cartledge, Karl-Joachim Hölkeskamp, Christopher Howgego, Sally Humphreys, Nino Luraghi, Robin Osborne, Ute Wartenberg and the readers and Editor of JHS for reading and commenting on earlier drafts of this paper. Many thanks also to Leslie Kurke who sent me copies of her work in progress.
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