The Ancient Greek Economy. Markets, Households and City-States

(Rick Simeone) #1

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INDUSTRY STRUCTURE AND INCOME


OPPORTUNITIES FOR HOUSEHOLDS IN


CLASSICAL ATHENS


Peter Acton


The standard of living in Classical Athens was high by comparison with almost


any other society until recent times, and wealth was more evenly distrib-


uted than in many societies.^1 By the Classical period the basic daily wage was


around six times subsistence requirements, and half of Athens’ population lived


a life that would have been described in the eighteenth century as ‘decent or


middling’ in Holland and better than the typical Briton.^2 This advanced life-


style was manifest in various ways: 10,000 people at a time could attend the


theatre in Athens; by contrast, in eighteenth century England only 1 percent


of the population ever visited a theatre in their lives. Most importantly, it was


manifest in manufactures.


Between subsistence and post-industrial societies, differences in living stan-

dards relate largely to the consumption of manufactured goods. Humans have


always been willing to trade resources for personal comforts like grooming, sex


or entertainment, but once these have become available at affordable prices in


the quantities people want them, marginal expenditure tends to be on manu-


factured products up to the point, late in modern history, where advanced


societies are sufficiently satisfied with material possessions to seek additional


services with their extra resources instead. Athens was rich in the raw materi-


als of culture including marble, limestone, clay and silver, and trading partners


provided other luxury items such as fine cloth, spices, dyestuffs and precious


This chapter draws on the analysis and conclusions of Acton 2014.

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