The Ancient Egyptian Economy by Brian Muhs - 9781107533950
The Ancient Egyptian Economy300030 BCE\nAuthor(s): Brian Muhs\nFormat: Paperback\nPublisher: Cambridge University Press, United Kingdom\nImprint: Cambridge University Press\nISBN-13: 9781107533950, 978-1107533950\nSynopsis\nThis book is the first economic history of ancient Egypt covering the entire pharaonic period, [tel] 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 .
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