Factor Markets in Early Islamic Iraq, c. 600-1100 AD
In: Journal of the Economic and Social History of the OrientSearch for other papers by Bas van Bavel in
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Abstract
This paper reconstructs the organization and development of factor markets in early medieval Iraq. It shows that from the late Sasanian period on, and accelerating in the early Islamic period, there was a relatively unrestricted functioning of markets for goods, labour, and capital. This stimulated market exchange, associated with growing monetization of the economy, especially in the towns, but also in the countryside, even though coercion remained more pronounced there. We hypothesize that these developments brought economic dynamism but simultaneously increased inequality and furthered the rise of new, powerful elite groups, causing the decline of the same markets.
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| All Time | Past 365 days | Past 30 Days | |
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Factor Markets in Early Islamic Iraq, c. 600-1100 AD
In: Journal of the Economic and Social History of the OrientSearch for other papers by Bas van Bavel in
Current site
Google Scholar
PubMed
Search for other papers by Michele Campopiano in
Current site
Google Scholar
PubMed
Search for other papers by Jessica Dijkman in
Current site
Google Scholar
PubMed
Abstract
This paper reconstructs the organization and development of factor markets in early medieval Iraq. It shows that from the late Sasanian period on, and accelerating in the early Islamic period, there was a relatively unrestricted functioning of markets for goods, labour, and capital. This stimulated market exchange, associated with growing monetization of the economy, especially in the towns, but also in the countryside, even though coercion remained more pronounced there. We hypothesize that these developments brought economic dynamism but simultaneously increased inequality and furthered the rise of new, powerful elite groups, causing the decline of the same markets.
| All Time | Past 365 days | Past 30 Days | |
|---|---|---|---|
| Abstract Views | 762 | 88 | 3 |
| Full Text Views | 350 | 8 | 0 |
| PDF Views & Downloads | 177 | 21 | 0 |