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Muhs, Brian. The Ancient Egyptian Economy.

Muhs, Brian. The Ancient Egyptian Economy: 3000-30 BCE. New York, NY: Cambridge University Press, 2016, pp.406, 7 maps 7 tables, ISBN: 9781107113367

This book provides a look at the economic history of ancient Egypt covering the entire pharaonic period, 3000-30 BCE, and employing a New Institutional Economics approach to argue 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. Hence, the increased use of writing resulted in increased documentation and enforcement of private property titles and transfers, gradually lowering their transaction costs relative to redistribution. Second, the book 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.

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Publication:Journal of Pan African Studies
Article Type:Book review
Date:Apr 1, 2017
Words:137
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