from Part I - Uncertainty
Published online by Cambridge University Press: 18 November 2022
This paper utilizes Monte Carlo simulation to estimate the frequency with which private property was confiscated in the Greek world in the Classical period (circa 480–330 BCE). Confiscation is defined for the purposes of this paper as the uncompensated, sudden loss of landed property. The first step is to establish the demographic context within which confiscation occurred, and then to analyze four mechanisms for the confiscation of property: exile arising from stasis; the expulsion of a population by a foreign power; andrapodismos or mass enslavement; and the imposition of a cleruchy. Other mechanisms by which confiscation occurred, but which cannot be quantified, are briefly discussed. The model shows that, based on the beliefs I hold about the four mechanisms for confiscation that have been analyzed, the average estate owner faced a 2.6–18.6 % chance of experiencing confiscation in his lifetime, with a mean likelihood of 10.5 %. This finding is at odds with the prevailing view that Greek poleis ensured the security of private property, which in turn contributed to the remarkable economic growth of the period. The conclusion suggests some possible responses by the Greeks themselves to the imperfect property security they experienced.
To save this book to your Kindle, first ensure [email protected] is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.
Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.
Find out more about the Kindle Personal Document Service.
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 Dropbox.
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.