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7 - Sacred finance

Published online by Cambridge University Press:  05 August 2012

Sitta von Reden
Affiliation:
Albert-Ludwigs-Universität Freiburg, Germany
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Summary

INTRODUCTION

In post-war scholarship money has been approached almost exclusively within a secular framework of understanding. Religious meanings of money have not received any serious attention, not least because Aristotle, the most influential ancient authority on monetary history and theory, does not proclaim a particularly close connection between money, cult and ritual (see above, introduction and chapter 2). Temple finance tends to be dealt with in accounts of individual temples or ancient religion more generally, but is not well integrated into ancient economic history. However, the consecration of property, fines and tithes, and the thesauration of some or all of a collective's wealth in temples and shrines, suggest a strong interpenetration of political economics and sacred finance. In the classical city, moreover, a city's patron god had the important function of creating identity and trust in coinage, as well as adding force to commercial contracts backed up by oaths. Temples performed the function of guarding public and private contracts recorded on stone a role which before the Hellenistic period secular institutions were unable to fulfil.

It has been argued, furthermore, that, if not coinage itself, at any rate important conceptual preconditions for the emergence of money in the form of metal tokens developed in the context of cult practice. Bernhard Laum at the beginning of the twentieth century argued that the most important aspect of money was its function as a substitute. The idea of substitution was typical of ancient cult.

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Publisher: Cambridge University Press
Print publication year: 2010

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  • Sacred finance
  • Sitta von Reden, Albert-Ludwigs-Universität Freiburg, Germany
  • Book: Money in Classical Antiquity
  • Online publication: 05 August 2012
  • Chapter DOI: https://doi.org/10.1017/CBO9780511763069.010
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  • Sacred finance
  • Sitta von Reden, Albert-Ludwigs-Universität Freiburg, Germany
  • Book: Money in Classical Antiquity
  • Online publication: 05 August 2012
  • Chapter DOI: https://doi.org/10.1017/CBO9780511763069.010
Available formats
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To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Sacred finance
  • Sitta von Reden, Albert-Ludwigs-Universität Freiburg, Germany
  • Book: Money in Classical Antiquity
  • Online publication: 05 August 2012
  • Chapter DOI: https://doi.org/10.1017/CBO9780511763069.010
Available formats
×