Did Ancient Babylonia Experience a Golden Age of Economic Expansion?
In short: Professor Michael Jursa examines the rapid prosperity of sixth-century BCE Babylonia. This lecture investigates the drivers of this economic surge and the resulting social disparities that emerged as the empire expanded.
During the early 500s BCE, the Babylonian state underwent a period of significant financial development. Michael Jursa, a professor at the University of Vienna, characterizes this era as a rare 'golden interval' of growth within the pre-industrial world, a term originally coined by J. Maynard Keynes.
The presentation analyzes how this prosperity rippled from the imperial center to the surrounding regions. It further addresses the trade-offs of such growth, specifically examining how rising wealth impacted social stability and cohesion within the empire.
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Sources
- Summary by Intellect · source: Michael Jursa | Economic Growth and Growing Inequality in Times of Empire
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