Imperium and Officium Working Papers (IOWP) The Value of Silver: Wages as Guides to the Standard of Living in 1st Millennium BC Babylonia and Beyond Version 01 August 2014 Reinhard Pirngruber (University of Vienna, Department of Oriental Studies) Abstract: This paper attempts to gauge the standard of living in Babylonia during the first millennium BC. To that purpose, Robert Allen's concept of a welfare ratio calculated by means of a consumption basket was adapted to match the specificities of the Babylonian economy. © Reinhard Pirngruber 2014
[email protected] Reinhard Pirngruber 1 – draft version: do not quote without permission – THE VALUE OF SILVER: WAGES AS GUIDES TO THE STANDARD OF LIVING IN 1ST MILLENNIUM BC BABYLONIA AND BEYOND Reinhard Pirngruber INTRODUCTION1 Recent scholarship has largely abandoned the traditional view model of a mainly redistributive economy for Babylonia, especially during the first millennium BC. Most succinctly this was stated by Michael Jursa, according to whom a “growing urban population prompted agrarian change, stimulated the development of markets and money-based exchange, and allowed increasing economic specialisation and division of labour” (Jursa 2010, 799) during what he termed the ‘long 6th century BC’ (ibid. 5), i.e. the period between the rise of the Neo-Babylonian dynasty in 626 BC and the ‘end of archives’ in the aftermath of the abortive rebellions against Xerxes in his second regnal year in 484 BC (Waerzeggers 2003/04). It also seems that Babylonia as region was a reasonably well integrated economic space in that period, mainly due to comparatively low transportation costs owing to an extended network of canals facilitating transport (M.