places the foundation of Naucratis in the context of the growth of trade and colonization by the East Greeks in the late seventh century and compares it with the foundation of Gravisca in Etruria But where the Etruscans were receptive to Greek influences, the Egyptians were firmly attached to their own traditions.
Naucratis thus functioned as a "port of trade" as defined by K. Polanyi, a point of contact between two different types of economies (55-7).
The problem with this view was that macro-economic issues were conceived in microeconomic terms: the ancient Greeks were incapable of achieving a global perspective, of developing a clear conception of the hierarchical relations between the action of the states and its effects on individuals.
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