What Was Money in Ancient Greece?

This chapter discusses the significance of money in ancient Greece. It argues that economies managed by using reciprocity and redistribution, specialpurpose money, credit, and most importantly, economies managed because of the way they were embedded in the social system in ancient Greece. However these were not the dominant factors organizing the economy. Inflation and deflation, the integration of markets, the creation of money through credit, and the influence of business-produced wealth on the state also could be seen in Greece, but they were on a scale much more modest than that known to us.