Coinage developed in different ways in eastern and western Eurasia. In ancient China, early bronze ‘tool money' came to be replaced by round bronze coins that were supplemented by uncoined gold and silver bullion; whereas in the Greco-Roman world, precious-metal coins dominated from the start,...

The applicability of modern economic conception to forms of capitalism in antiquity has been controversial at least since the debate between primitivists and modernists (the Bücher-Meyer-Controversy, revived by Finley, among others). The Debate and its present extensions are of interest to...

The importance of the institutional framework for economic development is widely accepted today and it is duly stressed in the economic literature. The protection of property rights, the enforcement of contracts and an efficient legal system are the pillars of the contemporary rule of law....

Demosthenes (382-322 BC) wrote numerous legal speeches, which provide a plethora of cues about public and private law in Athens during the 4th century BC. In his speech “Paragraphe pros Pantaineton”, Demosthenes described a complex financial transaction composed of a sale, a lease, and a...

The efforts to alleviate poverty by increasing social budgets have failed everywhere in the world and now the question is what else can be done to support those that are left behind. In this paper we search for illumination in the approaches to education that Athens and Sparta adopted in the...