This volume contains 25 papyri, which were excavated in the village of Karanis in the north-eastern Fayum by American archaeologists (1924-1926). Half of the new texts are literary, mostly from the library of the tax collector Socrates; the others are documents that can shed new light on the activities of the tax collector or of other inhabitants of Karanis. They give us a vivid picture of village life in Graeco-Roman Egypt in the 2nd century AD.