A Monetary History of the Ottoman Empire by Sevket Pamuk

By Sevket Pamuk

This quantity examines the financial historical past of a giant empire positioned on the crossroads of intercontinental alternate from the fourteenth century till the top of global conflict I. It covers all areas of the empire from the Balkans via Anatolia, Syria, Egypt and the Gulf to the Maghrib. the results of financial advancements for social and political heritage also are mentioned in the course of the quantity. this can be an incredible and pathbreaking e-book via the most extraordinary monetary historians within the box.

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10 A Monetary History of the Ottoman Empire policies and institutions was the nature of the state and state±society relations. State economic policies did not pursue public interest in some abstract sense of the term. Instead, both the goals and design of economic policies as well as institutions related to their implementation were shaped by the social structure, the relationship between state and society, the interests of different social groups aligned with or represented by the state, and more generally, by the social and political in¯uences acting on the state.

Spufford, Money and its Use; Hennequin, ``Points de vue sur l'Histoire Monetaire'', 3±44 and ``Nouveaux ApercËus sur l'Histoire Monetaire'', 179±215; and Goitein, A Mediterranean Society, 209±72. 18 A Monetary History of the Ottoman Empire con®dence or in response to the instability of the currency would lead to a decrease in the money supply. 52 The Ottomans struggled with the same problems. The Ottomans also faced a number of other challenges arising from the size of the Empire and its location.

Interest and pressure groups and social classes sought to protect and promote their interests through the state. In some cases the in¯uence of a particular social group was so strong that the state simply acted in their interest, became their state. In other cases, the state was in the hands of a bureaucracy which acted independently or was insulated from these social groups. To understand the nature of Ottoman economic policies or practices, it is thus essential to examine the nature of the Ottoman state and its relations with different social groups.

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