1) This attempt at an interpretation of economic development re ects reviews of War- burton 1997 and responses to lectures. I am therefore particularly indebted to the invitations from Prof. H. AltenmŸller, Dr. B. J. J. Haring and Mr. P. Bang. Astute critical observations by Prof. M. T. Larsen and D. Jones have galvanized my thinking; JESHOÕs editor and read- ers have aided signi cantly as well. Without the library — and the librarian Fr. A. Zeeberg — of the Carsten Niebuhr Institute in Copenhagen, it would have been impossible to provide the references. My thanks to all. 2) This has largely been based on the theories of Karl Polanyi, for which, cf. Warburton 1998. BEFORE THE IMF: THE ECONOMIC IMPLICATIONS OF UNINTENTIONAL STRUCTURAL ADJUSTMENT IN ANCIENT EGYPT 1 ) BY DAVID WARBURTON (University of Aarhus) Abstract Debate about states and markets in the Bronze Age world has directed attention away from their roles and thus away from the way these economies functioned. The ancient Egyptian state assigned elds to its dependents and stimulated demand by spending and taxation. Markets and market forces were responsible for the allocation and distribution of materials in the ancient
Journal of the Economic and Social History of the Orient – Brill
Published: Jan 1, 2000
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