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- W2955358670 abstract "The first section of this bipartite essay deals with different approaches to the monetary turbulence experienced in the Ottoman world in the late-16th century. Combining “real” economic factors with the “quantity theory of money,” it underlines population growth and the velocity of circulation as well as structural aspects of Ottoman trade balances vis-a-vis the west and the east. The focus of the second section is on the observations and analyses of authors from the Ottoman ruling elite with respect to monetary and price movements. Ottoman statesmen and intellectuals were sharply concerned with these developments, discussed and analyzed them, and proposed measures. With monetary stability as its core concern, their perspective emphasized the role of political authority and evaluated the problem in terms of its consequences in the realm of social balances. It was accompanied by an anxiety about “deterioration” replacing “order,” and about established hierarchies being toppled, in the face of the autonomy gained by certain dynamics, which we now consider to be in the sphere of “the economy.” The threat to order posed by price hikes and the erosion of the system of price controls cannot be met but by bringing stability to the currency. In that context, and in order to support Cigalazade Sinan Pasha’s currency reform, Taşköprülüzâde Kemâlüddîn Mehmed Efendi translated Makrîzî’s 15th-century text on monetary crises in Egyptian history and added an appendix with his original analysis of Ottoman circumstances" @default.
- W2955358670 created "2019-07-12" @default.
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- W2955358670 date "2018-04-20" @default.
- W2955358670 modified "2023-09-27" @default.
- W2955358670 title "Osmanlı İnhitat Söylemine Girizgâh: 16. Yüzyıl Sonu Para Çalkantıları ve Düşünce Dünyasındaki Yansımaları" @default.
- W2955358670 doi "https://doi.org/10.18589/oa.591837" @default.
- W2955358670 hasPublicationYear "2018" @default.
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