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The Origins of Business, Money, and Markets$
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Keith Roberts

Print publication date: 2015

Print ISBN-13: 9780231153270

Published to Columbia Scholarship Online: November 2015

DOI: 10.7312/columbia/9780231153270.001.0001

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PRINTED FROM COLUMBIA SCHOLARSHIP ONLINE (www.columbia.universitypressscholarship.com). (c) Copyright University of Minnesota Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CUPSO for personal use.date: 21 September 2021

Hellenistic History

Hellenistic History

Prologue to Revolution

(p.84) 5 Hellenistic History
The Origins of Business, Money, and Markets

Keith Roberts

Columbia University Press

The markets and businesses that supplied democratic Greek city-states might well have remained a regional curiosity had Alexander the Great and his successors not wrought a social and economic revolution in the Middle East. The fascinating story begins with politics and power. This chapter is the prologue to the story of how Alexander the Great and his followers gave business to Western civilization. It provides a brisk summary of Hellenistic political history. It discusses the Hellenistic political revolution that made money, markets, and business common to urban economies throughout virtually the entire civilized Western world. It also had a profound impact on long-lasting features of business life like the guild system and the disrepute of business practitioners.

Keywords:   Alexander the Great, Greek city-states, business, Middle East, Hellenistic political history, Macedonians, political revolution, Western world

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