{"product_id":"economic-theory-and-the-ancient-mediterranean-hardback-9781118627877","title":"Economic Theory and the Ancient Mediterranean (Hardback) 9781118627877","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eEconomic Theory and the Ancient Mediterranean\u003c\/font\u003e\u003cbr\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003c\/p\u003e\n\u003cp\u003e\u003cfont size=\"4\"\u003eDonald W. Jones (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9781118627877, Wiley\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 1 August 2014\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e608 pages\u003cbr\u003e25.4 x 18 x 3.4 cm, 1.089 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cem\u003e\u003cfont size=\"3\"\u003e\u003cp\u003e\"It is a majestic manual on economics...covering basically the full spectrum of standard economic theory. ...[T]he book is a powerful, even if advanced tool, to develop an understanding of economic theories.\" \u003ci\u003e(Nordicum-Mediterraneum, 1 January 2015)\u003c\/i\u003e\u003c\/p\u003e\u003c\/font\u003e\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003e\u003cp\u003e\u003ci\u003eEconomic Theory and the Ancient Mediterranean \u003c\/i\u003epresents a comprehensive introduction to the application of contemporary economic theory to the ancient societies of the Mediterranean Sea from the period of 5000 BCE to 400 CE.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eOffers an accessible presentation of modern economic theory and its relationships to ancient societies\u003c\/li\u003e \u003cli\u003ePresents innovative expositions and applications of economic theory to issues in antiquity not often found in the literature\u003c\/li\u003e \u003cli\u003eFeatures insightful discussions of the relevance of contemporary economic models to various situations in antiquity\u003c\/li\u003e \u003cli\u003eWritten for a broad range of scholars of ancient Mediterranean regions, including archaeologists, ancient historians, and philologists\u003c\/li\u003e \u003c\/ul\u003e\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e\u003cp\u003ePreface xiii\u003c\/p\u003e \u003cp\u003eAcknowledgments xvii\u003c\/p\u003e \u003cp\u003eIntroduction 1\u003c\/p\u003e \u003cp\u003eRationale 1\u003c\/p\u003e \u003cp\u003eOrganization 2\u003c\/p\u003e \u003cp\u003eMethod 3\u003c\/p\u003e \u003cp\u003eReader Outcomes 3\u003c\/p\u003e \u003cp\u003eThemes 4\u003c\/p\u003e \u003cp\u003eRelevance and Applicability 5\u003c\/p\u003e \u003cp\u003eReferences 6\u003c\/p\u003e \u003cp\u003eNotes 6\u003c\/p\u003e \u003cp\u003e\u003cb\u003e1 Production 8\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1.1 The Production Function 9\u003c\/p\u003e \u003cp\u003e1.2 The “Law” of Variable Proportions 11\u003c\/p\u003e \u003cp\u003e1.3 Substitution 13\u003c\/p\u003e \u003cp\u003e1.4 Measuring Substitution 15\u003c\/p\u003e \u003cp\u003e1.5 Specific “Functional Forms” for Production Functions 16\u003c\/p\u003e \u003cp\u003e1.6 Attributing Products to Inputs: Distributing Income from Production 17\u003c\/p\u003e \u003cp\u003e1.7 Efficiency and the Choice of How to Produce 18\u003c\/p\u003e \u003cp\u003e1.8 Predictions of Production Theory 1: Input Price Changes 20\u003c\/p\u003e \u003cp\u003e1.9 Predictions of Production Theory 2: Technological Changes 21\u003c\/p\u003e \u003cp\u003e1.10 Stocks and Flows 22\u003c\/p\u003e \u003cp\u003e1.11 The Distribution of Income 23\u003c\/p\u003e \u003cp\u003e1.12 Production Functions in Achaemenid Babylonia 25\u003c\/p\u003e \u003cp\u003eReferences 26\u003c\/p\u003e \u003cp\u003eSuggested Readings 27\u003c\/p\u003e \u003cp\u003eNotes 27\u003c\/p\u003e \u003cp\u003e\u003cb\u003e2 Cost and Supply 29\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e2.1 The Cost Function 31\u003c\/p\u003e \u003cp\u003e2.2 Short Run and Long Run 32\u003c\/p\u003e \u003cp\u003e2.3 The Relationship between Cost and Production 33\u003c\/p\u003e \u003cp\u003e2.4 Producers’ Objectives 34\u003c\/p\u003e \u003cp\u003e2.5 Supply Curves 35\u003c\/p\u003e \u003cp\u003e2.6 Demands for Factors of Production 40\u003c\/p\u003e \u003cp\u003e2.7 Factor Costs in General:Wages and Rents 41\u003c\/p\u003e \u003cp\u003e2.8 Allocation of Factors across Activities 43\u003c\/p\u003e \u003cp\u003e2.9 Organizing Production:The Firm 43\u003c\/p\u003e \u003cp\u003e2.10 A More General Treatment of Cost Functions 46\u003c\/p\u003e \u003cp\u003e2.11 The Economics of Mycenaean Vases, I: Supply and Cost 47\u003c\/p\u003e \u003cp\u003e2.12 Accounting for Apparent Cost Changes in Minoan Pottery 49\u003c\/p\u003e \u003cp\u003e2.13 Production in an Entire Economy: The Production Possibilities Frontier 50\u003c\/p\u003e \u003cp\u003eReferences 52\u003c\/p\u003e \u003cp\u003eSuggested Readings 53\u003c\/p\u003e \u003cp\u003eNotes 53\u003c\/p\u003e \u003cp\u003e\u003cb\u003e3 Consumption 55\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e3.1 Rationality of the Consumer 57\u003c\/p\u003e \u003cp\u003e3.2 The Budget 57\u003c\/p\u003e \u003cp\u003e3.3 Utility and Indifference Curves 58\u003c\/p\u003e \u003cp\u003e3.4 Demand 60\u003c\/p\u003e \u003cp\u003e3.5 Demand Elasticities 63\u003c\/p\u003e \u003cp\u003e3.6 Aggregate Demand 65\u003c\/p\u003e \u003cp\u003e3.7 Evaluating Changes inWellbeing 66\u003c\/p\u003e \u003cp\u003e3.8 Price and Consumption Indexes 70\u003c\/p\u003e \u003cp\u003e3.9 Intertemporal Choice 73\u003c\/p\u003e \u003cp\u003e3.10 Durable Goods and Discrete Choice 75\u003c\/p\u003e \u003cp\u003e3.11 Variety and Differentiated Goods 79\u003c\/p\u003e \u003cp\u003e3.12 Value of Time and Household Production 82\u003c\/p\u003e \u003cp\u003e3.13 Risk, Risk Aversion, and Expected Utility 86\u003c\/p\u003e \u003cp\u003e3.14 Irrational Behavior 88\u003c\/p\u003e \u003cp\u003e3.15 Fixed Prices 90\u003c\/p\u003e \u003cp\u003e3.16 Applying Demand Concepts: Relationships between Housing Consumption, Housing Prices, and Incomes in Pompeii 93\u003c\/p\u003e \u003cp\u003e3.17 The Economics of Mycenaean Vases, II: Demand 96\u003c\/p\u003e \u003cp\u003eReferences 99\u003c\/p\u003e \u003cp\u003eSuggested Readings 99\u003c\/p\u003e \u003cp\u003eNotes 100\u003c\/p\u003e \u003cp\u003e\u003cb\u003e4 Industry Structure and the Types of Competition 103\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e4.1 Perfect Competition 104\u003c\/p\u003e \u003cp\u003e4.2 Competitive Equilibrium 106\u003c\/p\u003e \u003cp\u003e4.3 Monopoly 108\u003c\/p\u003e \u003cp\u003e4.4 Oligopoly 110\u003c\/p\u003e \u003cp\u003e4.5 Monopolistic Competition 111\u003c\/p\u003e \u003cp\u003e4.6 Contestable Markets 112\u003c\/p\u003e \u003cp\u003e4.7 Buyer’s Power: Monopsony 113\u003c\/p\u003e \u003cp\u003e4.8 The Economics of Mycenaean Vases, III: Industry Structure 114\u003c\/p\u003e \u003cp\u003e4.9 Ancient Monopoly and Oligopoly: Religion and Foreign Trade 115\u003c\/p\u003e \u003cp\u003eReferences 117\u003c\/p\u003e \u003cp\u003eSuggested Readings 118\u003c\/p\u003e \u003cp\u003eNotes 118\u003c\/p\u003e \u003cp\u003e\u003cb\u003e5 General Equilibrium 120\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e5.1 General Equilibrium as a Fact and as a Model 120\u003c\/p\u003e \u003cp\u003e5.1.1 The facts 121\u003c\/p\u003e \u003cp\u003e5.1.2 The models 121\u003c\/p\u003e \u003cp\u003e5.1.3 The questions 123\u003c\/p\u003e \u003cp\u003e5.2 TheWalrasian Model 124\u003c\/p\u003e \u003cp\u003e5.3 Exchange 127\u003c\/p\u003e \u003cp\u003e5.4 The Two-Sector Model 128\u003c\/p\u003e \u003cp\u003e5.4.1 The basics with the Lerner–Pearce diagram 128\u003c\/p\u003e \u003cp\u003e5.4.2 Growth in factor supplies 130\u003c\/p\u003e \u003cp\u003e5.4.3 Technical change 132\u003c\/p\u003e \u003cp\u003e5.5 Existence and Uniqueness of Equilibrium 133\u003c\/p\u003e \u003cp\u003e5.6 Computable General Equilibrium Models 134\u003c\/p\u003e \u003cp\u003eReferences 136\u003c\/p\u003e \u003cp\u003eSuggested Readings 137\u003c\/p\u003e \u003cp\u003eNotes 137\u003c\/p\u003e \u003cp\u003e\u003cb\u003e6 Public Economics 139\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e6.1 Government in the Economy: Scope of Activities, Modern and Ancient 139\u003c\/p\u003e \u003cp\u003e6.2 Private Goods, Public Goods, and Externalities 141\u003c\/p\u003e \u003cp\u003e6.2.1 Private goods 141\u003c\/p\u003e \u003cp\u003e6.2.2 Public goods 142\u003c\/p\u003e \u003cp\u003e6.2.3 Externalities 143\u003c\/p\u003e \u003cp\u003e6.3 Raising Revenue 149\u003c\/p\u003e \u003cp\u003e6.3.1 Taxation 1: rationales and instruments 149\u003c\/p\u003e \u003cp\u003e6.3.2 Taxation 2: effects of taxes 154\u003c\/p\u003e \u003cp\u003e6.3.3 Taxation 3: tax incidence (who really pays?) 165\u003c\/p\u003e \u003cp\u003e6.3.4 Taxation 4: optimal tax systems 169\u003c\/p\u003e \u003cp\u003e6.3.5 Other revenue sources 173\u003c\/p\u003e \u003cp\u003e6.4 TheTheory of Second Best 174\u003c\/p\u003e \u003cp\u003e6.5 Government Productive Activities 175\u003c\/p\u003e \u003cp\u003e6.5.1 Public production and pricing 175\u003c\/p\u003e \u003cp\u003e6.5.2 The supply of public goods and social choice mechanisms 181\u003c\/p\u003e \u003cp\u003e6.5.3 Public investment and cost–benefit analysis 186\u003c\/p\u003e \u003cp\u003e6.6 Regulation of Private Economic Activities 191\u003c\/p\u003e \u003cp\u003e6.6.1 Rent seeking 192\u003c\/p\u003e \u003cp\u003e6.6.2 The costs of regulation: the Averch–Johnson effect 193\u003c\/p\u003e \u003cp\u003e6.7 The Behavior of Government and Government Agencies 194\u003c\/p\u003e \u003cp\u003e6.7.1 Theories of government 194\u003c\/p\u003e \u003cp\u003e6.7.2 Theories of bureaucracy 195\u003c\/p\u003e \u003cp\u003e6.7.3 Levels of government 196\u003c\/p\u003e \u003cp\u003e6.8 Suggestions for Using the Material of this Chapter 196\u003c\/p\u003e \u003cp\u003eReferences 197\u003c\/p\u003e \u003cp\u003eSuggested Readings 199\u003c\/p\u003e \u003cp\u003eNotes 199\u003c\/p\u003e \u003cp\u003e\u003cb\u003e7 The Economics of Information and Risk 202\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e7.1 Risk 202\u003c\/p\u003e \u003cp\u003e7.1.1 The ubiquity of risky decisions 203\u003c\/p\u003e \u003cp\u003e7.1.2 Concepts and measurement 205\u003c\/p\u003e \u003cp\u003e7.1.3 Risk and behavior: expected utility 209\u003c\/p\u003e \u003cp\u003e7.1.4 Risk versus uncertainty: the substance of probabilities 215\u003c\/p\u003e \u003cp\u003e7.2 Information and Learning 217\u003c\/p\u003e \u003cp\u003e7.2.1 The structure of information 217\u003c\/p\u003e \u003cp\u003e7.2.2 Learning as Bayesian updating 218\u003c\/p\u003e \u003cp\u003e7.2.3 Experts and groups 223\u003c\/p\u003e \u003cp\u003e7.3 Dealing with Nature’s Uncertainty 225\u003c\/p\u003e \u003cp\u003e7.3.1 Contingent markets 225\u003c\/p\u003e \u003cp\u003e7.3.2 Portfolios and diversification 230\u003c\/p\u003e \u003cp\u003e7.4 Behavioral Uncertainty 235\u003c\/p\u003e \u003cp\u003e7.4.1 Asymmetric information: problems and solutions 236\u003c\/p\u003e \u003cp\u003e7.4.2 Strategic behavior 242\u003c\/p\u003e \u003cp\u003e7.5 Expectations 246\u003c\/p\u003e \u003cp\u003e7.5.1 The role of expectations in resource-allocation decisions 247\u003c\/p\u003e \u003cp\u003e7.5.2 Adaptive models of expectations 247\u003c\/p\u003e \u003cp\u003e7.5.3 The rational expectations hypothesis 249\u003c\/p\u003e \u003cp\u003e7.6 Competitive Behavior under Uncertainty 252\u003c\/p\u003e \u003cp\u003e7.6.1 Production behavior 252\u003c\/p\u003e \u003cp\u003e7.6.2 Search problems 253\u003c\/p\u003e \u003cp\u003e7.7 Suggestions for Using the Material of this Chapter 253\u003c\/p\u003e \u003cp\u003eReferences 254\u003c\/p\u003e \u003cp\u003eSuggested Readings 255\u003c\/p\u003e \u003cp\u003eNotes 255\u003c\/p\u003e \u003cp\u003e\u003cb\u003e8 Capital 258\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e8.1 The Substance and Concepts of Capital 258\u003c\/p\u003e \u003cp\u003e8.1.1 Capital as stuff 259\u003c\/p\u003e \u003cp\u003e8.1.2 Capital in the production function 262\u003c\/p\u003e \u003cp\u003e8.1.3 Stocks, flows, and accumulation 263\u003c\/p\u003e \u003cp\u003e8.1.4 Prices and values 264\u003c\/p\u003e \u003cp\u003e8.1.5 Temporal aspects of capital 265\u003c\/p\u003e \u003cp\u003e8.1.6 Measuring capital 268\u003c\/p\u003e \u003cp\u003e8.1.7 The labor theory of value 269\u003c\/p\u003e \u003cp\u003e8.2 Quasi-Rents 270\u003c\/p\u003e \u003cp\u003e8.3 Interest Rates 272\u003c\/p\u003e \u003cp\u003e8.4 TheTheory of Capital 276\u003c\/p\u003e \u003cp\u003e8.4.1 Present and future consumption, investment, and capital accumulation 276\u003c\/p\u003e \u003cp\u003e8.4.2 Demand for and supply of capital: flows and stocks 279\u003c\/p\u003e \u003cp\u003e8.4.3 Capital richness and interest rates 283\u003c\/p\u003e \u003cp\u003e8.5 Use of Capital by Firms 284\u003c\/p\u003e \u003cp\u003e8.5.1 Investment 284\u003c\/p\u003e \u003cp\u003e8.5.2 Maintenance 287\u003c\/p\u003e \u003cp\u003e8.5.3 Scrapping and replacement 289\u003c\/p\u003e \u003cp\u003e8.6 Consumption and Saving 290\u003c\/p\u003e \u003cp\u003e8.6.1 Intertemporal utility maximization 290\u003c\/p\u003e \u003cp\u003e8.6.2 Hypotheses about consumption 291\u003c\/p\u003e \u003cp\u003e8.6.3 Individual and aggregate savings 294\u003c\/p\u003e \u003cp\u003e8.7 Capital Formation 294\u003c\/p\u003e \u003cp\u003e8.8 Suggestions for Using the Material of this Chapter 296\u003c\/p\u003e \u003cp\u003eReferences 297\u003c\/p\u003e \u003cp\u003eSuggested Readings 298\u003c\/p\u003e \u003cp\u003eNotes 298\u003c\/p\u003e \u003cp\u003e\u003cb\u003e9 Money and Banking 301\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e9.1 The Services of Money 302\u003c\/p\u003e \u003cp\u003e9.1.1 Money as a medium of exchange 302\u003c\/p\u003e \u003cp\u003e9.1.2 Money as a store of value 302\u003c\/p\u003e \u003cp\u003e9.1.3 Money as a unit of account 303\u003c\/p\u003e \u003cp\u003e9.1.4 Stability of value 303\u003c\/p\u003e \u003cp\u003e9.1.5 Monetization prior to currency 303\u003c\/p\u003e \u003cp\u003e9.2 The Types of Money 304\u003c\/p\u003e \u003cp\u003e9.2.1 Commodity money 304\u003c\/p\u003e \u003cp\u003e9.2.2 Credit money 304\u003c\/p\u003e \u003cp\u003e9.2.3 One special case of credit money: bank money 305\u003c\/p\u003e \u003cp\u003e9.3 Some Preliminary Concepts 305\u003c\/p\u003e \u003cp\u003e9.3.1 The price level 305\u003c\/p\u003e \u003cp\u003e9.3.2 Inflation 306\u003c\/p\u003e \u003cp\u003e9.3.3 “Nominal” versus “real” distinctions 307\u003c\/p\u003e \u003cp\u003e9.3.4 What people in antiquity knew 309\u003c\/p\u003e \u003cp\u003e9.4 The Demand for Money 309\u003c\/p\u003e \u003cp\u003e9.4.1 Measuring money 310\u003c\/p\u003e \u003cp\u003e9.4.2 The distinctiveness of the demand for money 311\u003c\/p\u003e \u003cp\u003e9.4.3 Monetary theory and macroeconomics for ancient economies?! 312\u003c\/p\u003e \u003cp\u003e9.4.4 The neoclassical quantity theory 313\u003c\/p\u003e \u003cp\u003e9.4.5 Keynesian monetary theory 315\u003c\/p\u003e \u003cp\u003e9.4.6 The contemporary synthesis 317\u003c\/p\u003e \u003cp\u003e9.5 The Supply of Money 318\u003c\/p\u003e \u003cp\u003e9.5.1 Supply of a commodity money 320\u003c\/p\u003e \u003cp\u003e9.5.2 Creation of money by banks 323\u003c\/p\u003e \u003cp\u003e9.5.3 The banking firm 328\u003c\/p\u003e \u003cp\u003e9.5.4 Financial intermediation 332\u003c\/p\u003e \u003cp\u003e9.5.5 Exogeneity \/ endogeneity of money supply and foreign exchange 335\u003c\/p\u003e \u003cp\u003e9.5.6 Seigniorage: making money by issuing money 336\u003c\/p\u003e \u003cp\u003e9.5.7 Bimetallism 337\u003c\/p\u003e \u003cp\u003e9.6 Inflation 337\u003c\/p\u003e \u003cp\u003e9.6.1 Causes of inflation 338\u003c\/p\u003e \u003cp\u003e9.6.2 Mechanisms of inflation 339\u003c\/p\u003e \u003cp\u003e9.6.3 Consequences of inflation 340\u003c\/p\u003e \u003cp\u003e9.7 Monetary Policy 342\u003c\/p\u003e \u003cp\u003e9.7.1 The players and their motives 342\u003c\/p\u003e \u003cp\u003e9.7.2 Choice of monetary standard 343\u003c\/p\u003e \u003cp\u003e9.7.3 Influencing the supply of money 343\u003c\/p\u003e \u003cp\u003e9.7.4 Influencing the demand for money 345\u003c\/p\u003e \u003cp\u003e9.7.5 International monetary policies 345\u003c\/p\u003e \u003cp\u003e9.8 Suggestions for Using the Material of this Chapter 345\u003c\/p\u003e \u003cp\u003eReferences 345\u003c\/p\u003e \u003cp\u003eSuggested Readings 347\u003c\/p\u003e \u003cp\u003eNotes 347\u003c\/p\u003e \u003cp\u003e\u003cb\u003e10 Labor 350\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e10.1 Applying Contemporary Labor Models to Ancient Behavior and Institutions 350\u003c\/p\u003e \u003cp\u003e10.2 Human Capital 353\u003c\/p\u003e \u003cp\u003e10.2.1 Investment in human capital 354\u003c\/p\u003e \u003cp\u003e10.2.2 Health 356\u003c\/p\u003e \u003cp\u003e10.2.3 Guilds, occupational licensing, and entry restriction 356\u003c\/p\u003e \u003cp\u003e10.3 Labor Supply 357\u003c\/p\u003e \u003cp\u003e10.3.1 Utility analysis of individual and family labor supply 357\u003c\/p\u003e \u003cp\u003e10.3.2 Lifecycle \/ dynamic labor supply 364\u003c\/p\u003e \u003cp\u003e10.3.3 Supply of labor to activities 368\u003c\/p\u003e \u003cp\u003e10.3.4 Household production 369\u003c\/p\u003e \u003cp\u003e10.4 Labor Demand 375\u003c\/p\u003e \u003cp\u003e10.4.1 The productive enterprise’s demand for labor 376\u003c\/p\u003e \u003cp\u003e10.4.2 Derived demand 379\u003c\/p\u003e \u003cp\u003e10.5 Labor Contracts 384\u003c\/p\u003e \u003cp\u003e10.5.1 Information problems and incentives 384\u003c\/p\u003e \u003cp\u003e10.5.2 The basis of pay 385\u003c\/p\u003e \u003cp\u003e10.5.3 Sequencing of pay 387\u003c\/p\u003e \u003cp\u003e10.5.4 Compensating differentials in wages 387\u003c\/p\u003e \u003cp\u003e10.6 Migration 391\u003c\/p\u003e \u003cp\u003e10.6.1 Economic incentives for migration 392\u003c\/p\u003e \u003cp\u003e10.6.2 Consequences of migration 394\u003c\/p\u003e \u003cp\u003e10.6.3 Refugee migration 396\u003c\/p\u003e \u003cp\u003e10.6.4 Equilibrating migration flows when the wage rate doesn’t adjust 396\u003c\/p\u003e \u003cp\u003e10.7 Families 398\u003c\/p\u003e \u003cp\u003e10.7.1 Marriage 398\u003c\/p\u003e \u003cp\u003e10.7.2 Intrafamily resource allocation 405\u003c\/p\u003e \u003cp\u003e10.7.3 Children and the economics of fertility and child mortality 412\u003c\/p\u003e \u003cp\u003e10.8 Labor and the Family Enterprise 414\u003c\/p\u003e \u003cp\u003e10.8.1 The farm family household and the separability of production decisions from consumption decisions 415\u003c\/p\u003e \u003cp\u003e10.8.2 Effects of missing markets on labor allocation 418\u003c\/p\u003e \u003cp\u003e10.8.3 Restrictions on household activities 420\u003c\/p\u003e \u003cp\u003e10.8.4 Implications of the family farm model 422\u003c\/p\u003e \u003cp\u003e10.9 Slavery 423\u003c\/p\u003e \u003cp\u003e10.9.1 The supply of slaves 424\u003c\/p\u003e \u003cp\u003e10.9.2 The demand for slaves 426\u003c\/p\u003e \u003cp\u003e10.9.3 Investment in slaves 427\u003c\/p\u003e \u003cp\u003e10.9.4 Market consequences of slaves 427\u003c\/p\u003e \u003cp\u003e10.9.5 Slaves’ incentives 427\u003c\/p\u003e \u003cp\u003e10.10 Suggestions for Using the Material of this Chapter 428\u003c\/p\u003e \u003cp\u003eReferences 429\u003c\/p\u003e \u003cp\u003eSuggested Readings 432\u003c\/p\u003e \u003cp\u003eNotes 433\u003c\/p\u003e \u003cp\u003e\u003cb\u003e11 Land and Location 440\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e11.1 The Special Characteristics of Land 440\u003c\/p\u003e \u003cp\u003e11.2 Land as a Factor of Production 441\u003c\/p\u003e \u003cp\u003e11.2.1 Supply 441\u003c\/p\u003e \u003cp\u003e11.2.2 Demand 441\u003c\/p\u003e \u003cp\u003e11.3 The Location of Land Uses 442\u003c\/p\u003e \u003cp\u003e11.3.1 TheThünen model 442\u003c\/p\u003e \u003cp\u003e11.3.2 The bid-rent function 447\u003c\/p\u003e \u003cp\u003e11.3.3 Equilibrium in a region 450\u003c\/p\u003e \u003cp\u003e11.3.4 Modifying the social context 451\u003c\/p\u003e \u003cp\u003e11.4 The Location of Production Facilities 452\u003c\/p\u003e \u003cp\u003e11.4.1 Individual facilities 452\u003c\/p\u003e \u003cp\u003e11.4.2 Industries 455\u003c\/p\u003e \u003cp\u003e11.5 Consumption and the Location of Marketing 457\u003c\/p\u003e \u003cp\u003e11.5.1 The structure of transportation costs 457\u003c\/p\u003e \u003cp\u003e11.5.2 The shopping tradeoff: frequency versus storage 458\u003c\/p\u003e \u003cp\u003e11.5.3 Aggregate demand in a spatial market 460\u003c\/p\u003e \u003cp\u003e11.5.4 Hierarchies of marketplaces: central place theory 461\u003c\/p\u003e \u003cp\u003e11.5.5 Periodic markets 462\u003c\/p\u003e \u003cp\u003e11.6 Transportation 463\u003c\/p\u003e \u003cp\u003e11.6.1 Infrastructure 463\u003c\/p\u003e \u003cp\u003e11.6.2 Equipment 465\u003c\/p\u003e \u003cp\u003e11.6.3 Pricing of transportation services 465\u003c\/p\u003e \u003cp\u003e11.7 Suggestions for Using the Material of this Chapter 467\u003c\/p\u003e \u003cp\u003eReferences 468\u003c\/p\u003e \u003cp\u003eSuggested Readings 469\u003c\/p\u003e \u003cp\u003eNotes 470\u003c\/p\u003e \u003cp\u003e\u003cb\u003e12 Cities 472\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e12.1 Cities and their Analysis, Modern and Ancient 472\u003c\/p\u003e \u003cp\u003e12.1.1 Classifying cities 472\u003c\/p\u003e \u003cp\u003e12.1.2 Characteristics of cities 473\u003c\/p\u003e \u003cp\u003e12.1.3 What goes on in cities 473\u003c\/p\u003e \u003cp\u003e12.1.4 Ancient observations and contemporary analytical emphases 474\u003c\/p\u003e \u003cp\u003e12.2 Economies of Cities 475\u003c\/p\u003e \u003cp\u003e12.2.1 Scale economies in production 475\u003c\/p\u003e \u003cp\u003e12.2.2 Externalities 477\u003c\/p\u003e \u003cp\u003e12.2.3 Types of production 477\u003c\/p\u003e \u003cp\u003e12.3 Housing 479\u003c\/p\u003e \u003cp\u003e12.3.1 The Special Characteristics of Housing 479\u003c\/p\u003e \u003cp\u003e12.3.2 Housing supply 480\u003c\/p\u003e \u003cp\u003e12.3.3 Housing demand 481\u003c\/p\u003e \u003cp\u003e12.4 Urban Spatial Structure 482\u003c\/p\u003e \u003cp\u003e12.4.1 The monocentric city model 483\u003c\/p\u003e \u003cp\u003e12.4.2 Multiple categories of residents 488\u003c\/p\u003e \u003cp\u003e12.4.3 Working at home 489\u003c\/p\u003e \u003cp\u003e12.4.4 Endogenous centers 490\u003c\/p\u003e \u003cp\u003e12.4.5 Density gradients and the ancient city 491\u003c\/p\u003e \u003cp\u003e12.4.6 Wage differentials across cities 491\u003c\/p\u003e \u003cp\u003e12.5 Systems of Cities 492\u003c\/p\u003e \u003cp\u003e12.5.1 Production and consumption within any city 493\u003c\/p\u003e \u003cp\u003e12.5.2 Different types of cities 497\u003c\/p\u003e \u003cp\u003e12.5.3 The city size distribution and its responses to various changes 499\u003c\/p\u003e \u003cp\u003e12.6 Urban Finance 503\u003c\/p\u003e \u003cp\u003e12.6.1 Local public goods 504\u003c\/p\u003e \u003cp\u003e12.6.2 What to supply and how much 505\u003c\/p\u003e \u003cp\u003e12.6.3 Raising revenue 506\u003c\/p\u003e \u003cp\u003e12.7 Suggestions for Using the Material of this Chapter 507\u003c\/p\u003e \u003cp\u003eReferences 508\u003c\/p\u003e \u003cp\u003eSuggested Readings 510\u003c\/p\u003e \u003cp\u003eNotes 511\u003c\/p\u003e \u003cp\u003e\u003cb\u003e13 Natural Resources 516\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e13.1 Exhaustible Resources 517\u003c\/p\u003e \u003cp\u003e13.1.1 The theory of optimal depletion 517\u003c\/p\u003e \u003cp\u003e13.1.2 Different deposits 520\u003c\/p\u003e \u003cp\u003e13.1.3 Uncertainty 521\u003c\/p\u003e \u003cp\u003e13.1.4 Exploration 521\u003c\/p\u003e \u003cp\u003e13.1.5 Monopoly 523\u003c\/p\u003e \u003cp\u003e13.2 Renewable Resources 524\u003c\/p\u003e \u003cp\u003e13.2.1 Biological growth 524\u003c\/p\u003e \u003cp\u003e13.2.2 Harvesting 525\u003c\/p\u003e \u003cp\u003e13.2.3 The theory of optimal use 527\u003c\/p\u003e \u003cp\u003e13.2.4 Open access and the fishery 528\u003c\/p\u003e \u003cp\u003e13.3 Resource Scarcity 531\u003c\/p\u003e \u003cp\u003e13.4 The Ancient Mining-Forestry Complex 531\u003c\/p\u003e \u003cp\u003e13.5 Suggestions for Using the Material of this Chapter 532\u003c\/p\u003e \u003cp\u003eReferences 533\u003c\/p\u003e \u003cp\u003eSuggested Readings 533\u003c\/p\u003e \u003cp\u003eNotes 533\u003c\/p\u003e \u003cp\u003e\u003cb\u003e14 Growth 535\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e14.1 Introduction 535\u003c\/p\u003e \u003cp\u003e14.1.1 Economic growth: delimiting the scope 535\u003c\/p\u003e \u003cp\u003e14.1.2 Growth in antiquity: is there anything to explain? 536\u003c\/p\u003e \u003cp\u003e14.2 Essential Concepts 536\u003c\/p\u003e \u003cp\u003e14.2.1 Production functions again 536\u003c\/p\u003e \u003cp\u003e14.2.2 Technical change 537\u003c\/p\u003e \u003cp\u003e14.2.3 Growth versus development 537\u003c\/p\u003e \u003cp\u003e14.3 Neoclassical GrowthTheory 538\u003c\/p\u003e \u003cp\u003e14.3.1 The Solow model 538\u003c\/p\u003e \u003cp\u003e14.3.2 Technology and growth in the Solow model 541\u003c\/p\u003e \u003cp\u003e14.3.3 Endogenizing technical change 543\u003c\/p\u003e \u003cp\u003e14.3.4 Extent of the market, division of labor, and productivity 545\u003c\/p\u003e \u003cp\u003e14.4 Structural Change 546\u003c\/p\u003e \u003cp\u003e14.4.1 Sectoral concepts as organizing devices 546\u003c\/p\u003e \u003cp\u003e14.4.2 A two-sector model of an economy 548\u003c\/p\u003e \u003cp\u003e14.4.3 Some stylized facts 549\u003c\/p\u003e \u003cp\u003e14.5 Institutions 551\u003c\/p\u003e \u003cp\u003e14.5.1 Property rights 552\u003c\/p\u003e \u003cp\u003e14.5.2 Governments 552\u003c\/p\u003e \u003cp\u003e14.5.3 Stability and change 553\u003c\/p\u003e \u003cp\u003e14.6 Studying Economic Growth in Antiquity 553\u003c\/p\u003e \u003cp\u003e14.6.1 What there is to explain 554\u003c\/p\u003e \u003cp\u003e14.6.2 Organizing inquiry about economic growth with the help of growth theory 554\u003c\/p\u003e \u003cp\u003e14.6.3 Studying episodes of growth following declines: beyond growth theory 557\u003c\/p\u003e \u003cp\u003e14.6.4 Summary 559\u003c\/p\u003e \u003cp\u003e14.7 Suggestions for Using the Material of this Chapter 559\u003c\/p\u003e \u003cp\u003e14.7.1 Evidence of growth 559\u003c\/p\u003e \u003cp\u003e14.7.2 Sectoral structure 561\u003c\/p\u003e \u003cp\u003eReferences 561\u003c\/p\u003e \u003cp\u003eSuggested Readings 564\u003c\/p\u003e \u003cp\u003eNotes 564\u003c\/p\u003e \u003cp\u003eIndex 569\u003c\/p\u003e\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: History [\u003ca title=\"See our other books on History\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22History%20%5BHB%5D%22\"\u003eHB\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Wiley-Blackwell","offers":[{"title":"Brand New","offer_id":52417794113816,"sku":"9781118627877","price":126.85,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/files\/9781118627877.jpg?v=1784509631","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/economic-theory-and-the-ancient-mediterranean-hardback-9781118627877","provider":"Freshly Printed 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