76-455: (Redirected from Economic Affairs ) Economic affairs may refer to: The economy Economic Affairs (journal) See also [ edit ] Economic Affairs Committee (disambiguation) Topics referred to by the same term [REDACTED] This disambiguation page lists articles associated with the title Economic affairs . If an internal link led you here, you may wish to change
152-490: A medium of exchange with a credit or debit value accepted within the network, such as a unit of currency. A planned economy is one where political agents directly control what is produced and how it is sold and distributed. A green economy is low-carbon and resource efficient. In a green economy, growth in income and employment is driven by public and private investments that reduce carbon emissions and pollution, enhance energy and resource efficiency , and prevent
228-514: A metric such as silver, bronze, copper, etc. A barley/shekel was originally both a unit of currency and a unit of weight, just as the British Pound was originally a unit denominating a one-pound mass of silver. Most exchange of goods had occurred through social relationships. There were also traders who bartered in the marketplaces. In Ancient Greece , where the present English word 'economy' originated, many people were bond slaves of
304-540: A "Sumerian renaissance" in the past. Already, the region was becoming more Semitic than Sumerian, with the resurgence of the Akkadian-speaking Semites in Assyria and elsewhere, and the influx of waves of Semitic Martu ( Amorites ), who founded several competing local powers in the south, including Isin , Larsa , Eshnunna and later, Babylonia. The last of these eventually came to briefly dominate
380-642: A Proto-Euphratean language or one substrate language; they think the Sumerian language may originally have been that of the hunting and fishing peoples who lived in the marshland and the Eastern Arabia littoral region and were part of the Arabian bifacial culture. Juris Zarins believes the Sumerians lived along the coast of Eastern Arabia , today's Persian Gulf region, before it was flooded at
456-651: A century in the Third Dynasty of Ur at approximately 2100–2000 BC, but the Akkadian language also remained in use for some time. The Sumerians were entirely unknown during the early period of modern archeology. Jules Oppert was the first scholar to publish the word Sumer in a lecture on 17 January 1869. The first major excavations of Sumerian cities were in 1877 at Girsu by the French archeologist Ernest de Sarzec , in 1889 at Nippur by John Punnett Peters from
532-484: A certain currency . However, monetary transactions only account for a small part of the economic domain. Economic activity is spurred by production which uses natural resources, labor and capital. It has changed over time due to technology , innovation (new products, services, processes, expanding markets, diversification of markets, niche markets, increases revenue functions) and changes in industrial relations (most notably child labor being replaced in some parts of
608-779: A country or an area", seems not to have developed until the 1650s. As long as someone has been making, supplying and distributing goods or services, there has been some sort of economy; economies grew larger as societies grew and became more complex. Sumer developed a large-scale economy based on commodity money , while the Babylonians and their neighboring city states later developed the earliest system of economics as we think of, in terms of rules/laws on debt , legal contracts and law codes relating to business practices, and private property. The Babylonians and their city state neighbors developed forms of economics comparable to currently used civil society (law) concepts. They developed
684-486: A difficult environment. Others have suggested a continuity of Sumerians, from the indigenous hunter-fisherfolk traditions, associated with the bifacial assemblages found on the Arabian littoral. Juris Zarins believes the Sumerians may have been the people living in the Persian Gulf region before it flooded at the end of the last Ice Age. In the early Sumerian period, the primitive pictograms suggest that There
760-513: A global information society as understanding of a new type of "all-connected" society is created. In the late 2000s, the new type of economies and economic expansions of countries like China , Brazil , and India bring attention and interest to economies different from the usually dominating Western-type economies and economic models. A market economy is one where goods and services are produced and exchanged according to demand and supply between participants (economic agents) by barter or
836-626: A profound effect on the socioeconomic and cultural conditions starting in the United Kingdom , then subsequently spreading throughout Europe , North America , and eventually the world. The onset of the Industrial Revolution marked a major turning point in human history; almost every aspect of daily life was eventually influenced in some way. In Europe wild capitalism started to replace the system of mercantilism (today: protectionism ) and led to economic growth . The period
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#1732765322086912-513: A state. The first economist in the true modern meaning of the word was the Scotsman Adam Smith (1723–1790) who was inspired partly by the ideas of physiocracy , a reaction to mercantilism and also later Economics student, Adam Mari. He defined the elements of a national economy: products are offered at a natural price generated by the use of competition - supply and demand - and the division of labor . He maintained that
988-460: Is also applied in philosophy to designate the fading of postmodernism in the late 90s and especially in the beginning of the 21st century. With the spread of Internet as a mass media and communication medium especially after 2000–2001, the idea for the Internet and information economy is given place because of the growing importance of e-commerce and electronic businesses, also the term for
1064-466: Is called Keynesianism in his honor. In the late 1950s, the economic growth in America and Europe—often called Wirtschaftswunder (German for economic miracle ) —brought up a new form of economy: mass consumption economy . In 1958, John Kenneth Galbraith (1908–2006) was the first to speak of an affluent society in his book The Affluent Society . In most of the countries the economic system
1140-704: Is called a social market economy . With the fall of the Iron Curtain and the transition of the countries of the Eastern Bloc towards democratic government and market economies, the idea of the post-industrial society is brought into importance as its role is to mark together the significance that the service sector receives instead of industrialization. Some attribute the first use of this term to Daniel Bell's 1973 book, The Coming of Post-Industrial Society , while others attribute it to social philosopher Ivan Illich's book, Tools for Conviviality . The term
1216-568: Is called the Industrial Revolution because the system of production and division of labor enabled the mass production of goods . The contemporary concept of "the economy" wasn't popularly known until the American Great Depression in the 1930s. After the chaos of two World Wars and the devastating Great Depression, policymakers searched for new ways of controlling the course of the economy. This
1292-587: Is considerable evidence concerning Sumerian music . Lyres and flutes were played, among the best-known examples being the Lyres of Ur . Sumerian culture was male-dominated and stratified. The Code of Ur-Nammu , the oldest such codification yet discovered, dating to the Ur III, reveals a glimpse at societal structure in late Sumerian law. Beneath the lu-gal ("great man" or king), all members of society belonged to one of two basic strata: The " lu " or free person, and
1368-434: Is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of resources. A given economy is a set of processes that involves its culture , values , education, technological evolution, history, social organization , political structure , legal systems , and natural resources as main factors. These factors give context, content, and set
1444-722: Is exchanged. Due to the growing importance of the financial sector in modern times, the term real economy is used by analysts as well as politicians to denote the part of the economy that is concerned with the actual production of goods and services, as ostensibly contrasted with the paper economy , or the financial side of the economy, which is concerned with buying and selling on the financial markets. Alternate and long-standing terminology distinguishes measures of an economy expressed in real values (adjusted for inflation ), such as real GDP , or in nominal values (unadjusted for inflation). The study of economics are roughly divided into macroeconomics and microeconomics . Today,
1520-513: Is first attested in proper names of the kings of Kish c. 2800 BC , preserved in later king lists. There are texts written entirely in Old Akkadian dating from c. 2500 BC . Use of Old Akkadian was at its peak during the rule of Sargon the Great ( c. 2334 –2279 BC), but even then most administrative tablets continued to be written in Sumerian, the language used by
1596-407: Is little break in historical continuity between the pre- and post-Sargon periods, and that too much emphasis has been placed on the perception of a "Semitic vs. Sumerian" conflict. It is certain that Akkadian was also briefly imposed on neighboring parts of Elam that were previously conquered, by Sargon. c. 2193–2119 BC (middle chronology) c. 2200 –2110 BC (middle chronology) Following
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#17327653220861672-526: Is marked by a distinctive style of fine quality painted pottery which spread throughout Mesopotamia and the Persian Gulf . The oldest evidence for occupation comes from Tell el-'Oueili , but, given that environmental conditions in southern Mesopotamia were favourable to human occupation well before the Ubaid period, it is likely that older sites exist but have not yet been found. It appears that this culture
1748-404: Is most clearly seen at Tell el-'Oueili near Larsa , excavated by the French in the 1980s, where eight levels yielded pre-Ubaid pottery resembling Samarran ware. According to this theory, farming peoples spread down into southern Mesopotamia because they had developed a temple-centered social organization for mobilizing labor and technology for water control, enabling them to survive and prosper in
1824-470: Is studied at the regional and national levels, and common analyses include income and production, money, prices, employment, international trade, and other issues. Sumer Sumer ( / ˈ s uː m ər / ) is the earliest known civilization , located in the historical region of southern Mesopotamia (now south-central Iraq ), emerging during the Chalcolithic and early Bronze Ages between
1900-554: The Fertile Crescent . Although not specifically discussing Sumerians, Lazaridis et al. 2016 have suggested a partial North African origin for some pre-Semitic cultures of the Middle East, particularly Natufians , after testing the genomes of Natufian and Pre-Pottery Neolithic culture-bearers. Craniometric analysis has also suggested an affinity between Natufians and ancient North Africans. Some scholars associate
1976-509: The Samarra culture of northern Mesopotamia. The Ubaidians, though never mentioned by the Sumerians themselves, are assumed by modern-day scholars to have been the first civilizing force in Sumer. They drained the marshes for agriculture , developed trade, and established industries, including weaving , leatherwork , metalwork , masonry , and pottery . Some scholars contest the idea of
2052-531: The University of Pennsylvania between 1889 and 1900, and in Shuruppak by German archeologist Robert Koldewey in 1902–1903. Major publications of these finds were " Decouvertes en Chaldée par Ernest de Sarzec " by Léon Heuzey in 1884, " Les Inscriptions de Sumer et d'Akkad " by François Thureau-Dangin in 1905, and " Grundzüge der sumerischen Grammatik " on Sumerian grammar by Arno Poebel in 1923. In
2128-558: The archaeological record shows clear uninterrupted cultural continuity from the time of the early Ubaid period (5300–4700 BC C-14 ) settlements in southern Mesopotamia. The Sumerian people who settled here, farmed the lands in this region that were made fertile by silt deposited by the Tigris and the Euphrates . Some archaeologists have speculated that the original speakers of ancient Sumerian may have been farmers, who moved down from
2204-506: The freeholders . The economic discussion was driven by scarcity . In Chinese economic law, the huge cycle of institutional innovation contains an idea. Serving a non-market economy promotes a firm's tenure that is legally guaranteed and protected from bureaucratic opportunities. In the Middle Ages, what is now known as an economy was not far from the subsistence level. Most exchange occurred within social groups . On top of this,
2280-490: The loss of biodiversity and ecosystem services . A gig economy is one in which short-term jobs are assigned or chosen on-demand. The global economy refers to humanity's economic system or systems overall. An informal economy is neither taxed nor monitored by any form of government. The economy may be considered as having developed through the following phases or degrees of precedence: In modern economies, these phase precedences are somewhat differently expressed by
2356-524: The three-sector model : Other sectors of the developed community include: The gross domestic product (GDP) of a country is a measure of the size of its economy, or more specifically, monetary measure of the market value of all the final goods and services produced. The most conventional economic analysis of a country relies heavily on economic indicators like the GDP and GDP per capita . While often useful, GDP only includes economic activity for which money
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2432-415: The " Dynasty of Isin " in the Sumerian king list, ending with the rise of Babylonia under Hammurabi c. 1800 BC. Later rulers who dominated Assyria and Babylonia occasionally assumed the old Sargonic title "King of Sumer and Akkad", such as Tukulti-Ninurta I of Assyria after c. 1225 BC. Uruk, one of Sumer's largest cities, has been estimated to have had a population of 50,000–80,000 at its height. Given
2508-435: The Akkadian and Ur III phases, there was a shift from the cultivation of wheat to the more salt-tolerant barley , but this was insufficient, and during the period from 2100 BC to 1700 BC, it is estimated that the population in this area declined by nearly three-fifths. This greatly upset the balance of power within the region, weakening the areas where Sumerian was spoken, and comparatively strengthening those where Akkadian
2584-485: The Sumerian cities of Uruk and Jemdet Nasr , and date to between c. 3350 – c. 2500 BC , following a period of proto-writing c. 4000 – c. 2500 BC . The term "Sumer" ( Akkadian : 𒋗𒈨𒊒 , romanized: šumeru ) comes from the Akkadian name for the "Sumerians", the ancient non- Semitic -speaking inhabitants of southern Mesopotamia . In their inscriptions,
2660-556: The Sumerian king Shulgi described himself as "the king of the four quarters, the pastor of the black-headed people". The Akkadians also called the Sumerians "black-headed people", or ṣalmat-qaqqadi , in the Semitic Akkadian language. The Akkadians, the East Semitic-speaking people who later conquered the Sumerian city-states , gave Sumer its main historical name, but the phonological development of
2736-528: The Sumerian king list whose name is known from any other legendary source is Etana , 13th king of the first dynasty of Kish . The earliest king authenticated through archaeological evidence is Enmebaragesi of Kish (Early Dynastic I), whose name is mentioned in the Epic of Gilgamesh —leading to the suggestion that Gilgamesh himself might have been a historical king of Uruk. As the Epic of Gilgamesh shows, this period
2812-695: The Sumerians called their land "Kengir", the "Country of the noble lords" ( Sumerian : 𒆠 𒂗 𒄀 , romanized: ki-en-gi(-r) , lit. ''country" + "lords" + "noble''), and their language "Emegir" ( Sumerian : 𒅴𒂠 , romanized: eme-g̃ir or 𒅴𒄀 eme-gi 15 ). The origin of the Sumerians is not known, but the people of Sumer referred to themselves as "Black-Headed Ones" or "Black-Headed People" ( Sumerian : 𒊕 𒈪 , romanized: sag̃-gíg , lit. ''head" + "black'', or 𒊕 𒈪 𒂵 , sag̃-gíg-ga , phonetically /saŋ ɡi ɡa/ , lit. "head" + "black" + relative marker). For example,
2888-540: The Sumerians with the Hurrians and Urartians , and suggest the Caucasus as their homeland. This is not generally accepted. Based on mentions of Dilmun as the “home city of the land of Sumer” in Sumerian legends and literature, other scholars have suggested the possibility that the Sumerians originated from Dilmun, which was theorized to be the island of Bahrain in the Persian Gulf. In Sumerian mythology, Dilmun
2964-767: The Sumerians’ sphere of influence (ordered from south to north): Apart from Mari, which lies full 330 kilometres (205 miles) north-west of Agade, but which is credited in the king list as having exercised kingship in the Early Dynastic II period, and Nagar, an outpost, these cities are all in the Euphrates-Tigris alluvial plain, south of Baghdad in what are now the Bābil , Diyala , Wāsit , Dhi Qar , Basra , Al-Muthannā and Al-Qādisiyyah governorates of Iraq . The Sumerian city-states rose to power during
3040-473: The Ubaid period to the Uruk period is marked by a gradual shift from painted pottery domestically produced on a slow wheel to a great variety of unpainted pottery mass-produced by specialists on fast wheels. The Uruk period is a continuation and an outgrowth of Ubaid with pottery being the main visible change. By the time of the Uruk period, c. 4100–2900 BC calibrated, the volume of trade goods transported along
3116-509: The Uruk period coincided with the Piora oscillation , a dry period from c. 3200–2900 BC that marked the end of a long wetter, warmer climate period from about 9,000 to 5,000 years ago, called the Holocene climatic optimum . The dynastic period begins c. 2900 BC and was associated with a shift from the temple establishment headed by council of elders led by a priestly "En" (a male figure when it
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3192-422: The Uruk period were probably theocratic and were most likely headed by a priest-king ( ensi ), assisted by a council of elders, including both men and women. It is quite possible that the later Sumerian pantheon was modeled upon this political structure. There was little evidence of organized warfare or professional soldiers during the Uruk period, and towns were generally unwalled. During this period Uruk became
3268-415: The basic motive for free trade is human self-interest. The so-called self-interest hypothesis became the anthropological basis for economics. Thomas Malthus (1766–1834) transferred the idea of supply and demand to the problem of overpopulation . The Industrial Revolution was a period from the 18th to the 19th century where major changes in agriculture , manufacturing , mining , and transport had
3344-430: The canals and rivers of southern Mesopotamia facilitated the rise of many large, stratified , temple-centered cities, with populations of over 10,000 people, where centralized administrations employed specialized workers. It is fairly certain that it was during the Uruk period that Sumerian cities began to make use of slave labour captured from the hill country, and there is ample evidence for captured slaves as workers in
3420-418: The conditions and parameters in which an economy functions. In other words, the economic domain is a social domain of interrelated human practices and transactions that does not stand alone. Economic agents can be individuals, businesses , organizations , or governments . Economic transactions occur when two groups or parties agree to the value or price of the transacted good or service, commonly expressed in
3496-718: The downfall of the Akkadian Empire at the hands of Gutians , another native Sumerian ruler, Gudea of Lagash, rose to local prominence and continued the practices of the Sargonic kings ' claims to divinity. The previous Lagash dynasty, Gudea and his descendants also promoted artistic development and left a large number of archaeological artifacts. Later, the Third Dynasty of Ur under Ur-Nammu and Shulgi (c. 2112–2004 BC, middle chronology), whose power extended as far as southern Assyria , has been erroneously called
3572-754: The earliest texts. Artifacts, and even colonies of this Uruk civilization have been found over a wide area—from the Taurus Mountains in Turkey , to the Mediterranean Sea in the west, and as far east as western Iran . The Uruk period civilization, exported by Sumerian traders and colonists, like that found at Tell Brak , had an effect on all surrounding peoples, who gradually evolved their own comparable, competing economies and cultures. The cities of Sumer could not maintain remote, long-distance colonies by military force. Sumerian cities during
3648-735: The end of the Ice Age . Sumerian civilization took form in the Uruk period (4th millennium BC), continuing into the Jemdet Nasr and Early Dynastic periods. The Sumerian city of Eridu , on the coast of the Persian Gulf, is considered to have been one of the oldest cities , where three separate cultures may have fused: that of peasant Ubaidian farmers, living in mud-brick huts and practicing irrigation; that of mobile nomadic Semitic pastoralists living in black tents and following herds of sheep and goats; and that of fisher folk, living in reed huts in
3724-748: The first stock exchange was founded in Antwerp . Economy at the time meant primarily trade . The European captures became branches of the European states, the so-called colonies . The rising nation-states Spain , Portugal , France , Great Britain and the Netherlands tried to control the trade through custom duties and mercantilism (from mercator , lat.: merchant ) was a first approach to intermediate between private wealth and public interest . The secularization in Europe allowed states to use
3800-471: The first empires known to history was that of Eannatum of Lagash, who annexed practically all of Sumer, including Kish, Uruk, Ur , and Larsa , and reduced to tribute the city-state of Umma , arch-rival of Lagash. In addition, his realm extended to parts of Elam and along the Persian Gulf . He seems to have used terror as a matter of policy. Eannatum's Stele of the Vultures depicts vultures pecking at
3876-477: The first known codified legal and administrative systems, complete with courts, jails, and government records. The ancient economy was based primarily on subsistence farming . The Shekel are the first to refer to a unit of weight and currency, used by the Semitic peoples . The first usage of the term came from Mesopotamia circa 3000 BC. and referred to a specific mass of barley which related other values in
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#17327653220863952-540: The first state that successfully united larger parts of Mesopotamia in the 23rd century BC. After the Gutian period , the Ur III kingdom similarly united parts of northern and southern Mesopotamia. It ended in the face of Amorite incursions at the beginning of the second millennium BC. The Amorite "dynasty of Isin " persisted until c. 1700 BC , when Mesopotamia was united under Babylonian rule. The Ubaid period
4028-470: The great conquerors raised what we now call venture capital (from ventura , ital.; risk ) to finance their captures. The capital should be refunded by the goods they would bring up in the New World . The discoveries of Marco Polo (1254–1324), Christopher Columbus (1451–1506) and Vasco da Gama (1469–1524) led to a first global economy. The first enterprises were trading establishments. In 1513,
4104-400: The immense property of the church for the development of towns. The influence of the nobles decreased. The first Secretaries of State for economy started their work. Bankers like Amschel Mayer Rothschild (1773–1855) started to finance national projects such as wars and infrastructure . Economy from then on meant national economy as a topic for the economic activities of the citizens of
4180-514: The late 4th millennium BC, Sumer was divided into many independent city-states , which were divided by canals and boundary stones. Each was centered on a temple dedicated to the particular patron god or goddess of the city and ruled over by a priestly governor ( ensi ) or by a king ( lugal ) who was intimately tied to the city's religious rites. An incomplete list of cities that may have been visited, interacted and traded with, invaded, conquered, destroyed, occupied, colonized by and/or otherwise within
4256-506: The link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=Economic_affairs&oldid=1188682604 " Category : Disambiguation pages Hidden categories: Short description is different from Wikidata All article disambiguation pages All disambiguation pages Economy An economy is an area of the production , distribution and trade , as well as consumption of goods and services . In general, it
4332-489: The marshlands, who may have been the ancestors of the Sumerians. Reliable historical records begin with Enmebaragesi ( Early Dynastic I ). The Sumerians progressively lost control to Semitic states from the northwest. Sumer was conquered by the Semitic-speaking kings of the Akkadian Empire around 2270 BC ( short chronology ), but Sumerian continued as a sacred language . Native Sumerian rule re-emerged for about
4408-429: The most urbanized city in the world, surpassing for the first time 50,000 inhabitants. The ancient Sumerian king list includes the early dynasties of several prominent cities from this period. The first set of names on the list is of kings said to have reigned before a major flood occurred. These early names may be fictional, and include some legendary and mythological figures, such as Alulim and Dumizid . The end of
4484-548: The names of cities, rivers, basic occupations, etc., as evidence), a non-Semitic and non- Indo-European agglutinative language isolate . Others have suggested that the Sumerians were a North African people who migrated from the Green Sahara into the Middle East and were responsible for the spread of farming in the Middle East. However, contrary evidence strongly suggests that the first farming originated in
4560-413: The north of Mesopotamia after perfecting irrigation agriculture there. The Ubaid period pottery of southern Mesopotamia has been connected via Choga Mami transitional ware, to the pottery of the Samarra period culture ( c. 5700 –4900 BC C-14 ) in the north, who were the first to practice a primitive form of irrigation agriculture along the middle Tigris River and its tributaries. The connection
4636-402: The north. Ecologically, the agricultural productivity of the Sumerian lands was being compromised as a result of rising salinity. Soil salinity in this region had been long recognized as a major problem. Poorly drained irrigated soils, in an arid climate with high levels of evaporation, led to the buildup of dissolved salts in the soil, eventually reducing agricultural yields severely. During
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#17327653220864712-499: The other cities in Sumer, and the large agricultural population, a rough estimate for Sumer's population might be 0.8 million to 1.5 million. The world population at this time has been estimated at 27 million. The Sumerians spoke a language isolate . A number of linguists have claimed to be able to detect a substrate language of unknown classification beneath Sumerian, because names of some of Sumer's major cities are not Sumerian, revealing influences of earlier inhabitants. However,
4788-469: The prehistoric Ubaid and Uruk periods. Sumerian written history reaches back to the 27th century BC and before, but the historical record remains obscure until the Early Dynastic III period, c. 23rd century BC , when the language of the written records becomes easier to decipher, which has allowed archaeologists to read contemporary records and inscriptions. The Akkadian Empire was
4864-431: The range of fields of study examining the economy revolves around the social science of economics, but may also include sociology , history , anthropology , and geography . Practical fields directly related to the human activities involving production , distribution , exchange , and consumption of goods and services as a whole are business , engineering , government , and health care . Macroeconomics
4940-433: The scribes. Gelb and Westenholz differentiate three stages of Old Akkadian: that of the pre-Sargonic era, that of the Akkadian empire, and that of the Ur III period that followed it. Akkadian and Sumerian coexisted as vernacular languages for about one thousand years, but by around 1800 BC, Sumerian was becoming more of a literary language familiar mainly only to scholars and scribes. Thorkild Jacobsen has argued that there
5016-665: The severed heads and other body parts of his enemies. His empire collapsed shortly after his death. Later, Lugal-zage-si , the priest-king of Umma, overthrew the primacy of the Lagash dynasty in the area, then conquered Uruk, making it his capital, and claimed an empire extending from the Persian Gulf to the Mediterranean. He was the last ethnically Sumerian king before Sargon of Akkad . The Akkadian Empire dates to c. 2234 –2154 BC ( middle chronology ), founded by Sargon of Akkad . The Eastern Semitic Akkadian language
5092-623: The sixth and fifth millennium BC. Like nearby Elam , it is one of the cradles of civilization , along with Egypt , the Indus Valley , the Erligang culture of the Yellow River valley, Caral-Supe , and Mesoamerica . Living along the valleys of the Tigris and Euphrates rivers, Sumerian farmers grew an abundance of grain and other crops, a surplus which enabled them to form urban settlements. The world's earliest known texts come from
5168-691: The south of Mesopotamia as the Babylonian Empire , just as the Old Assyrian Empire had already done in the north from the late 21st century BC. The Sumerian language continued as a sacerdotal language taught in schools in Babylonia and Assyria, much as Latin was used in the Medieval period, for as long as cuneiform was used. This period is generally taken to coincide with a major shift in population from southern Mesopotamia toward
5244-454: The term šumerû is uncertain. Hebrew שִׁנְעָר Šinʿar , Egyptian Sngr , and Hittite Šanhar(a) , all referring to southern Mesopotamia, could be western variants of Sumer . Most historians have suggested that Sumer was first permanently settled between c. 5500 – c. 3300 BC by a West Asian people who spoke the Sumerian language (pointing to
5320-706: The world with universal access to education ). The word economy in English is derived from the Middle French 's yconomie , which itself derived from the Medieval Latin 's oeconomia . The Latin word has its origin at the Ancient Greek 's oikonomia or oikonomos . The word's first part oikos means "house", and the second part nemein means "to manage". The most frequently used current sense, denoting "the economic system of
5396-610: Was a temple for a goddess, or a female figure when headed by a male god) towards a more secular Lugal (Lu = man, Gal = great) and includes such legendary patriarchal figures as Dumuzid , Lugalbanda and Gilgamesh —who reigned shortly before the historic record opens c. 2900 BC, when the now deciphered syllabic writing started to develop from the early pictograms. The center of Sumerian culture remained in southern Mesopotamia, even though rulers soon began expanding into neighboring areas, and neighboring Semitic groups adopted much of Sumerian culture for their own. The earliest dynastic king on
5472-491: Was also mentioned as the home of deities such as Enki . The status of Dilmun as the Sumerians’ ancestral homeland has not been established, but archaeologists have found evidence of civilization in Bahrain, namely the existence of Mesopotamian-style round disks. A prehistoric people who lived in the region before the Sumerians have been termed the " Proto-Euphrateans " or " Ubaidians ", and are theorized to have evolved from
5548-410: Was associated with increased war. Cities became walled, and increased in size as undefended villages in southern Mesopotamia disappeared. Both Enmerkar and Gilgamesh are credited with having built the walls of Uruk. The dynasty of Lagash (c. 2500–2270 BC), though omitted from the king list, is well attested through several important monuments and many archaeological finds. Although short-lived, one of
5624-479: Was derived from the Samarran culture from northern Mesopotamia. It is not known whether or not these were the actual Sumerians who are identified with the later Uruk culture. The story of the passing of the gifts of civilization ( me ) to Inanna , goddess of Uruk and of love and war, by Enki , god of wisdom and chief god of Eridu, may reflect the transition from Eridu to Uruk. The archaeological transition from
5700-494: Was explored and discussed by Friedrich August von Hayek (1899–1992) and Milton Friedman (1912–2006) who pleaded for a global free trade and are supposed to be the fathers of the so-called neoliberalism . However, the prevailing view was that held by John Maynard Keynes (1883–1946), who argued for a stronger control of the markets by the state. The theory that the state can alleviate economic problems and instigate economic growth through state manipulation of aggregate demand
5776-483: Was the major language. Henceforth, Sumerian remained only a literary and liturgical language, similar to the position occupied by Latin in medieval Europe. Following an Elamite invasion and sack of Ur during the rule of Ibbi-Sin (c. 2028–2004 BC), Sumer came under Amorite rule (taken to introduce the Middle Bronze Age ). The independent Amorite states of the 20th to 18th centuries are summarized as
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