The Ancient Greek Economy. Markets, Households and City-States
146 EDwARD M. HARRIS 55 See Millett in Finley 1985a: xxi–xxii. 56 For the size of estates owned by those in the liturgical class ...
PART II HOUSEHOLD PRODUCTION FOR MARKETS ...
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149 6 INDUSTRY STRUCTURE AND INCOME OPPORTUNITIES FOR HOUSEHOLDS IN CLASSICAL ATHENS Peter Acton The standard of living in Class ...
150 PETER ACTON metals, often for further processing in Athens.^3 The Classical period saw a major increase in output, especiall ...
INDUSTRY STRUCTURE AND INCOME OPPORTUNITIES 151 people in the way that other aspects of Athenian life appear to have been. Even ...
152 PETER ACTON to a similar business.^25 To put this in perspective, one should bear in mind that the average size of a factory ...
INDUSTRY STRUCTURE AND INCOME OPPORTUNITIES 153 by a constant percentage each time accumulated experience doubles.^29 How much c ...
154 PETER ACTON efficient production, it must be through capturing a larger share of the market than competitors who can achieve ...
INDUSTRY STRUCTURE AND INCOME OPPORTUNITIES 155 competitors can choose how to compete: breweries can focus on costs (econ- omies ...
156 PETER ACTON two talents and the least expensive at 1,000 drachmas.^40 The largest industrial valuation we hear of is of Pant ...
INDUSTRY STRUCTURE AND INCOME OPPORTUNITIES 157 As we shall see, this framework also enables us to identify which types of busin ...
158 PETER ACTON can win a price war and everyone will be worse off until attrition restores equilibrium. Importantly, it makes n ...
INDUSTRY STRUCTURE AND INCOME OPPORTUNITIES 159 Mining is not like working with bronze or iron, for instance, where if there is ...
160 PETER ACTON We can identify other craft activities that also lack entry barriers and bases for advantage. Basic garment manu ...
INDUSTRY STRUCTURE AND INCOME OPPORTUNITIES 161 done by others. Where the individual’s contribution was not central to the buyer ...
162 PETER ACTON Another example of a barrier created by competitive advantage might be cosmetics and perfumes. We have noted how ...
INDUSTRY STRUCTURE AND INCOME OPPORTUNITIES 163 The framework adumbrated in this chapter provides an important missing piece in ...
164 PETER ACTON 6 See Morris 2005 : 91–126; Tucker 1907 : 64–6; Richter 1966 : passim; Andrianou 2006. The mix of non-agricultur ...
INDUSTRY STRUCTURE AND INCOME OPPORTUNITIES 165 44 See Randall 1953. 45 The most noted examples of asset turn advantages are st ...
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