New Books In Economics

Did capitalism exist in ancient Greece, the cradle of democracy and western civilization? I was joined to discuss this and other issues with Donni Wang, the author of Before the Market: The Political Economy of Olympianism (Common Ground, 2018). The book is not a traditional book of economics as history and philosophy play a big role. Not surprisingly Donni studied Economics, at Berkeley, and Classics, at Stanford. She now holds a position in History at Shanghai University. Previous studies have applied quantitative models and social science methods to determine the extent of market activities and growth in ancient Greece. Before the Market, instead, employs techniques from the cultural-linguistic turn to examine economic matters. With this approach the author argues to be able to shed light on a new economic system—one that is vastly different from the market system. At the same time, the underlying theoretical framework that links culture, identity, and action also prompts a radical redefinition of state po