Business and Polity: Dynamics of a Changing Relationship by D N Ghosh

By D N Ghosh

Enterprise and Polity explores, via various monetary and political formations during the last and a part millennia, correct from the Greco-Roman civilization to provide day globalization, the habit of 2 strength networks: those that regulate the levers of political strength and those that have interaction themselves in wealth-generating actions. It strains the dynamics of interdependence among those strong networks and what occurs while one or the opposite turns into extra robust. The rational and logical process taken via the writer finds the hyperlinks that our glossy situation has with the adventure of earlier civilizations wisdom which may in all probability improve our skill to make educated judgements to form the worldwide destiny. although the content material is educational and interdisciplinary in scope and nature, its lucid presentation will attract quite a lot of readers who're drawn to geopolitical concerns and fiscal, political and enterprise historical past.

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Despite the seizure of territories, there was no ruthless exploitation of resources on the scale shown by later trading states such as Venice. Athens never built up sizeable reserves and a single siege could soak up three years’ worth of tribute (Freeman, 1999: 213). Monetisation and Banking One of the major factors responsible for the rapid growth of trade and business was the progressive monetisation of the economy and development of banking which gave the Greek economy a sophisticated financial infrastructure as it emerged out of the Dark Ages from the 7th to 5th centuries bc (Mitchell, 1957: 313).

The term the businessman was first used in the US in the 1830s to denote a type of merchant who traded not only in goods but also in land and whatever else could result in a profit (Swedberg, 2005: 16). Part I The Making and Unmaking of Empires: Domination of Political Power In the empires of antiquity of the first millennium bc with which our story begins, political regimes were constantly preoccupied with war and organising resources for its conduct and prosecution. Rulers wanted power, and power came from territorial acquisition, so their primary objective was to concentrate fighting power and build a strong war-making apparatus.

It was somewhat like how the Jewish merchants came to be treated in medieval Europe. In oral traditions embodied in literary sources from the Aegean age, we often find a clear distinction between fighting men and the cautious, anaemic businessmen worn down with the care of cargoes. According to the predominance of one type or other, there developed trader-communities and warriorcommunities and the hostility between them seemed to have been a fundamental fact of ancient history. City-states The sack of Troy in about 1200 bc, symbolising the end of Aegean prosperity and of the Minoan–Mycenaean age, was the beginning of what is generally talked of as the Dark Ages in the Mediterranean world.

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