Ottoman Economy and Its Institutions

Sevket Pamuk is Professor of Economics and Economic History in the Ataturk Institute for Modern Turkish History and Department of Economics, Bogaziçi (Bosphorus) University, Turkey.

• Contents: Introduction; Institutional change and the longevity of the Ottoman Empire, 1500-1800; Ottoman interventionism in economic and monetary affairs; The Ottoman monetary system and frontier territories in Europe, 1500-1700; The evolution of financial institutions in the Ottoman Empire, 1600-1914; The price revolution in the Ottoman Empire reconsidered; Prices in the Ottoman Empire, 1469-1914; In the absence of domestic currency: debased European coinage in the 17th-century Ottoman Empire; The great Ottoman debasement, 1808-1844: a political economy framework; From debasement to external borrowing: changing forms of deficit finance in the Ottoman Empire, 1750-1914; The Middle East in 19th century world trade; Anatolia and Egypt during the 19th century: a comparison of foreign trade and foreign investment; The Ottoman Empire in the 'Great Depression' of 1873-1896; The Ottoman economy in World War I; Real wages and standards of living in the Ottoman Empire, 1489-1914; Estimating economic growth in the Middle East since 1820. Index.

’The collection will be particularly welcome to historians of the Ottoman Empire - or at least those who are not themselves economic historians - as most of the articles originally appeared in journals outside their usual area of study and so will probably have escaped their notice.’ Journal of Islamic Studies