The Achaean Federation in Ancient Greece

This book analyses ancient Greek federalism by focusing on one of the most organised and advanced Greek federal states, the Achaean Federation Sympoliteia. Unlike earlier studies that mainly focused on its political history, this book adopts an interdisciplinary approach, analysing aspects of the economic organization and institutions, and the political economy of the Achaean Federation, and combining these findings with political history. It also discusses the strategic choices made by significant historical figures such as generals Aratos and Philopoemen. The analysis of the Achaean Federation verifies the intertemporal federal axiom, which states that the success and viability of federal experiment is achieved when the benefits of participation for the member-states exceed the costs of conferring national sovereignty on supranational federal authorities. The book further argues that the Achaeans developed a system of sophisticated direct democratic procedures in decision-making on federal matters, as well as significant and highly sophisticated (for the era) economic institutions and federal practices, in order to achieve bonds of trust and legitimacy regarding their innovative federal structure. These practices included, among others, the creation of free market type economic institutions, a monetary union, federal budget, provision of public goods and a common defense and security policy for all the Achaean city-state members. Lastly, the book relates these findings to ideas on how the Achaean Federation would have dealt with a series of current global issues, such as European Union integration and problems such as Euroscepticism, Brexit and immigration. "The Achaean Federation in Ancient Greece combines the unique and the model, understanding and explaining. Emmanouil Economou conveys with clarity and wit what the "Frontiers in Economic History" book series intends to cover." Claude Diebolt, CNRS Research Professor of Economics, University of Strasbourg, France "At last, clio has come home to roost! Emmanouil Economou combines excellent historical detail with precise economic theory to illuminate the too often overlooked ancient economy of Greece." Michael Haupert, Professor of Economics, University of Wisconsin-La Crosse, USA and Executive Director, Economic History Association.