Money and the Early Greek Mind

How were the Greeks of the sixth century BC able to invent philosophy and tragedy? Richard Seaford argues that a large part of the answer can be found in another momentous development, the invention and rapid spread of coinage. By transforming social relations, monetization contributed to the concepts of the universe as an impersonal system (fundamental to Presocratic philosophy) and of the individual alienated from his own kin and from the gods, as found in tragedy.