Journal of the American Oriental Society · 1979 · 31 citations · 0 references
AgricultureEconomicsReal EstateAgricultural TradeCommodity MarketsMetallurgyAgricultural Commodity MarketsAgricultural Commodity PricingCommodity Basis AnalysisCommodity Price FormationInternational Commodity TradeMetal Commodity MarketsAgricultural Commodity PricesBarter ExchangeCommodity ValuationEconomic TextsPrecious Metals MarketsRelative PricesTrade In Metal GoodsTransactions
The economic texts from Ugarit have provided us with the actual market values of some six dozen items. These comomodities and their prices are discussed by categories, which include the following groups: real estate, livestock, lumber, plants and foods, stones, metals, vessels, wool, clothing, barter transactions, miscellaneous and unidentified items. The relative prices and values of the metals of exchange are of particular interest. The texts indicate that the values of the four basic metals-gold, silver, copper and brr (tin?)-were in the ratio of 1:4:800:800 respectively.