Notes for Economics
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A little bit of what we know about the economy of this ancient empire.
An excerpt from our somewhat esoteric feature-length documentary Wall Street Greed. More info at: [ Ссылка ]

TEXT
Unfortunately for our present purposes, reliable data on Economics that is currently available dates only to the Sumerian civilization of the Uruk period of the fourth millennium BCE, the middle of the Persian cultural epoch.
In his article "How Interest Rates Were Set, 2500 BC to 1000 AD" (Journal of the Economics and Social History of the Orient, Vol. 43, Spring 2000), historian Michael Hudson tells us that readable, detailed data in Sumerian economic records only began to appear around 2500 BCE.
At this time, which was during the Bronze Age, certain professionals, skilled tradespersons, and managers began to pay a recorded fee to the temples or to the palace. As this system of tithing promulgated throughout the ancient world, the recording of credits of advance payments made and debits of accrued obligations owed needed to be made.
As a result, written contracts, pledges of collateral, affidavits of witnesses and sureties were recorded along with publicly regulated rates of interest.

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