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A native of the Pacific Northwest, Price studied anthropology and intellectual history as an undergraduate at the Evergreen State College. He received his AM from the University of Chicago, and Ph.D. in anthropology from the University of Florida, studying under anthropologist Marvin Harris and conducting field research on the ancient and contemporary irrigation systems of the Egyptian Fayoum. He has conducted cultural anthropological and archaeological fieldwork and research in the United States and Palestine, Egypt and Yemen.