The Legal Framework of a “Marketless” Economy in the Old Babylonian Period with regard to “Sale and Community”
The extent of the legal framework of the economic institution of sale in the Old Babylonian period that can be derived from normative texts as well as from texts from the legal practice refers to very basic structures and a smaller number of special cases. The allocative function of law for economic behavior has therefore to be described as limited. Nevertheless, the rather liberal economic system was restricted by normative measures such as debt release which were closely connected to the idea of justice as a universal concept and thus ensured social and political stability of the community.
Graeca Tergestina. Storia e civiltà
EUT Edizioni Università di Trieste
Guido Pfeifer, "The Legal Framework of a 'Marketless' Economy in the Old Babylonian Period with regard to 'Sale and Community'", in: Éva Jakab (edited by), "Sale and Community Documents from the Ancient World. Individuals’ Autonomy and State Interference in the Ancient World. Proceedings of a Colloquium supported by the University of Szeged. Budapest 5-8.10.2012", Trieste, EUT Edizioni Università di Trieste, 2015, pp. 9-28.