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This paper seeks to investigate the relative subsistence potential of Late Minoan I households in Crete on the basis of the archaeological evidence. It aspires to develop a methodological framework for the examination of the subsistence economy based on storage containers (pithoi) and installations recovered in seventy houses. By identifying different storage strategies and converting capacity estimates into calorific values we infer differences in households’ subsistence potential. Ordinary households had low subsistence potential and only a few of the elite households had a markedly higher subsistence potential. While this ensured for these elite households high self‐sufficiency and participation in conspicuous consumption, it could not have served in alleviating the community's food shortages, should these have occurred. The emerging Late Minoan IB picture attests to the highly centralized and hierarchical organization of the subsistence economy, in keeping with the centralizing trend manifested from Middle Minoan III onwards.
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