Home  Journals  International Accounting  6(204) - 2012 February

Financial and economic development of Ancient Egypt

Available online: 7 February 2012

Subject Heading: PAGES OF HISTORY

JEL Classification: 

The basic directions and features of the ancient Egyptian economy throughout the Early, Ancient, Average, New and Late kingdom are considered in the article. The system created in Ancient Egypt, K.Marks in XIX century named «the Asian way of manufacture» is presented. As characteristic features of system the following acted were: the rigid centralized economy of «agrarian type»; the maintenance of the big officialdom; domination of uniform ideology. In such system any person is subordinated to intention of the state.

Keywords: money, money's worth, priests, inventory, papyrus, copyists, planning, account current, trade, calculation, Pharaoh, empirical skills

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ISSN 2311-9381 (Online)
ISSN 2073-5081 (Print)

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