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Measuring institutional quality in ancient Athens

In English

Författare

Summary, in English

We use the Economic Freedom Index to characterize the institutions of the Athenian city-state in the fourth century BCE. It has been shown that ancient Greece witnessed improved living conditions for an extended period of time. Athens in the fourth century appears to have fared particularly well. We find that economic freedom in ancient Athens is on level with the highest ranked modern economies such as Hong Kong and Singapore. With the exception of the position of women and slaves, Athens scores high in almost every dimension of economic freedom. Trade is probably highly important even by current standards. As studies of contemporary societies suggest that institutional quality is probably an important determinant of economic growth, it may also have been one factor in the relative material success of the Athenians.

Publiceringsår

2014

Språk

Engelska

Sidor

279-310

Publikation/Tidskrift/Serie

Journal of Institutional Economics

Volym

10

Issue

2

Dokumenttyp

Artikel i tidskrift

Förlag

Cambridge University Press

Ämne

  • Economics

Status

Published

Projekt

  • The Economics of Ancient Greece

ISBN/ISSN/Övrigt

  • ISSN: 1744-1382