The first economic history of ancient Egypt employing a New Institutional Economics approach and covering the entire pharaonic period, 3000-30 BCE.

Combining philological investigation and theoretical reasoning, this book offers a completely new interpretation of the economic role of the state in ancient Egypt. The first part provides background outlining the relevance of Keynes General Theory to the ancient Egyptian economy. The central part uses ancient Egyptian texts as the foundation of an analysis of words commonly assumed to relate to taxation during the New Kingdom (c. 15401070 B.C.E.). The conclusions summarize the philological results and explore the role of the temples in the ancient Egyptian state during the New Kingdom. The result places ancient Egyptian taxation and state economic activity in a market context, opening a new path to the understanding of the ancient Egyptian economy based on an analysis of primary sources.

Combining philological investigation and theoretical reasoning, this book offers a completely new interpretation of the economic role of the state in ancient Egypt. The first part provides background outlining the relevance of Keynes General Theory to the ancient Egyptian economy. The central part uses ancient Egyptian texts as the foundation of an analysis of words commonly assumed to relate to taxation during the New Kingdom (c. 15401070 B.C.E.). The conclusions summarize the philological results and explore the role of the temples in the ancient Egyptian state during the New Kingdom. The result places ancient Egyptian taxation and state economic activity in a market context, opening a new path to the understanding of the ancient Egyptian economy based on an analysis of primary sources.

Readers explore different aspects of Ancient Egypt's economy, including the importance of the sea and how papermaking was an art essential to Egypt's success. Students will gain an understanding of how the culture used money and which trades flourished during this period of history.

In Pottery and Economy in Old Kingdom Egypt, Leslie Anne Warden investigates the economic importance of utilitarian ceramics, particularly beer jars and bread moulds, in third millennium BC Egypt. The Egyptian economy at this period is frequently presented as state-centric or state-defined. This study forwards new methodology for a bottom-up approach to Egyptian economy, analyzing economic relationships through careful analysis of variation within the utilitarian wares which formed the basis of much economic exchange in the period. Beer jars and bread moulds, together with their archaeological, textual, and iconographic contexts, thus yield a framework for the economy which is fluid, agent-based, and defined by small scale, face-to-face relationships rather than the state.

This book is the first economic history of ancient Egypt covering the entire pharaonic period, 3000–30 BCE, and employing a New Institutional Economics approach. It argues that the ancient Egyptian state encouraged an increasingly widespread and sophisticated use of writing through time, primarily in order to better document and more efficiently exact taxes for redistribution. The increased use of writing, however, also resulted in increased documentation and enforcement of private property titles and transfers, gradually lowering their transaction costs relative to redistribution. The book also argues that the increasing use of silver as a unified measure of value, medium of exchange, and store of wealth also lowered transaction costs for high value exchanges. The increasing use of silver in turn allowed the state to exact transfer taxes in silver, providing it with an economic incentive to further document and enforce private property titles and transfers.

NEW YORK TIMES BESTSELLER • “Magisterial . . . [A] rich portrait of ancient Egypt’s complex evolution over the course of three millenniums.”—Los Angeles Times NAMED ONE OF THE BEST BOOKS OF THE YEAR BY The Washington Post • Publishers Weekly In this landmark volume, one of the world’s most renowned Egyptologists tells the epic story of this great civilization, from its birth as the first nation-state to its absorption into the Roman Empire. Drawing upon forty years of archaeological research, award-winning scholar Toby Wilkinson takes us inside a tribal society with a pre-monetary economy and decadent, divine kings who ruled with all-too-recognizable human emotions. Here are the legendary leaders: Akhenaten, the “heretic king,” who with his wife Nefertiti brought about a revolution with a bold new religion; Tutankhamun, whose dazzling tomb would remain hidden for three millennia; and eleven pharaohs called Ramesses, the last of whom presided over the militarism, lawlessness, and corruption that caused a political and societal decline. Filled with new information and unique interpretations, The Rise and Fall of Ancient Egypt is a riveting and revelatory work of wild drama, bold spectacle, unforgettable characters, and sweeping history. “With a literary flair and a sense for a story well told, Mr. Wilkinson offers a highly readable, factually up-to-date account.”—The Wall Street Journal “[Wilkinson] writes with considerable verve. . . . [He] is nimble at conveying the sumptuous pageantry and cultural sophistication of pharaonic Egypt.”—The New York Times