@article{Svizzero:206552,
      recid = {206552},
      author = {Svizzero, Serge and Tisdell, Clem},
      title = {The Role of Palatial Economic Organization in Creating  Wealth in Minoan and Mycenaean States},
      address = {2015-06},
      number = {1742-2016-140722},
      series = {Economic Theory, Applications and Issues},
      pages = {20},
      year = {2015},
      abstract = {During the Late Bronze Age, Aegean societies (Minoan and  Mycenaean) exhibited strong economic development. This  resulted from the implementation by the elite of a  centralized and hierarchical administrative and social  system in order to manage most economic activities. In  these palatial economies, the elite organized the  extraction of the surplus, therefore avoiding the  Malthusian trap. They also organized the division of labor  and the specialization in production and the distribution  of the collected surplus by means of staple and wealth  finance systems, the latter being based on the production  of luxury items controlled by the palace. Trade was also  encouraged in order to strengthen palatial power.},
      url = {http://ageconsearch.umn.edu/record/206552},
      doi = {https://doi.org/10.22004/ag.econ.206552},
}