27 - Inequality

Summary

The extent of material inequality and its relationship to economic development are central questions for historians of all periods. In recent decades, historians of ancient Greece have sought to provide the basis for answering those questions by attempting to estimate the distribution of wealth and income in Athens (and to a lesser degree in other Greek poleis) by reference to statements in ancient texts, proxy data, and simple models. While there remains much room for debate on specifics, we suggest that, for certain periods of Athenian history, very rough, but nonetheless suggestive, estimates can be offered of the distribution of wealth across the citizen population and the distribution of income across the entire population. The chapter briefly sketches ancient Greek economic performance before discussing material inequality in Greece, with special reference to Athens, and in comparison with other premodern economies. It explains how Greek political institutions and competition among individuals and states drove comparatively high levels of growth, while inequality remained comparatively low. Finally, it tests this hypothesis against some more and less familiar facts about Greek history.