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The economy of the ancient Middle East and Greece is reinterpreted by Morris Silver in this provocative new synthesis. Silver finds that the ancient economy emerges as a class of economies with its own laws of motion shaped by transaction costs (the resources used up in exchanging ownership rights). The analysis of transaction costs provides insights into many characteristics of the ancient economy, such as the important role of the sacred and symbolic gestures in making contracts, magical technology, the entrepreneurial role of high-born women, the elevation of familial ties and other...

This edited collection focuses on the problem of social justice, or, more particularly, how the demand for social justice was articulated and implemented in ancient civilizations, including, from east to west, the Chinese, Indian, Iranian, Babylonian, Assyrian, Israelite, Egyptian, Greek, and Roman. These essays are supplemented by discussions of the functioning of social justice in early and medieval Islam and in the postmedieval Anglo-Saxon world.

The volume contains extended discussions of specific legal regulations, royal edicts, and socioeconomic practices in the various...