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Author: Peter Temin
Publisher: Princeton University Press
ISBN: 0691177945
Category : History
Languages : en
Pages : 317
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Book Description
What modern economics can tell us about ancient Rome The quality of life for ordinary Roman citizens at the height of the Roman Empire probably was better than that of any other large group of people living before the Industrial Revolution. The Roman Market Economy uses the tools of modern economics to show how trade, markets, and the Pax Romana were critical to ancient Rome's prosperity. Peter Temin, one of the world's foremost economic historians, argues that markets dominated the Roman economy. He traces how the Pax Romana encouraged trade around the Mediterranean, and how Roman law promoted commerce and banking. Temin shows that a reasonably vibrant market for wheat extended throughout the empire, and suggests that the Antonine Plague may have been responsible for turning the stable prices of the early empire into the persistent inflation of the late. He vividly describes how various markets operated in Roman times, from commodities and slaves to the buying and selling of land. Applying modern methods for evaluating economic growth to data culled from historical sources, Temin argues that Roman Italy in the second century was as prosperous as the Dutch Republic in its golden age of the seventeenth century. The Roman Market Economy reveals how economics can help us understand how the Roman Empire could have ruled seventy million people and endured for centuries.
Author: Peter Temin
Publisher: Princeton University Press
ISBN: 0691177945
Category : History
Languages : en
Pages : 317
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Book Description
What modern economics can tell us about ancient Rome The quality of life for ordinary Roman citizens at the height of the Roman Empire probably was better than that of any other large group of people living before the Industrial Revolution. The Roman Market Economy uses the tools of modern economics to show how trade, markets, and the Pax Romana were critical to ancient Rome's prosperity. Peter Temin, one of the world's foremost economic historians, argues that markets dominated the Roman economy. He traces how the Pax Romana encouraged trade around the Mediterranean, and how Roman law promoted commerce and banking. Temin shows that a reasonably vibrant market for wheat extended throughout the empire, and suggests that the Antonine Plague may have been responsible for turning the stable prices of the early empire into the persistent inflation of the late. He vividly describes how various markets operated in Roman times, from commodities and slaves to the buying and selling of land. Applying modern methods for evaluating economic growth to data culled from historical sources, Temin argues that Roman Italy in the second century was as prosperous as the Dutch Republic in its golden age of the seventeenth century. The Roman Market Economy reveals how economics can help us understand how the Roman Empire could have ruled seventy million people and endured for centuries.
Author: Peter Temin
Publisher:
ISBN:
Category : Rome
Languages : en
Pages : 34
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Book Description
I argue here that the economy of the early Roman Empire was primarily a market economy. The parts of this economy located far from each other were not tied together as tightly as markets often are today, but they still functioned as part of a comprehensive Mediterranean market. There are two reasons why this conclusion is important. First, it brings the description of the Roman economy as a whole into accord with the fragmentary evidence we have about individual market transactions. Second, this synthetic view provides a platform on which to investigate further questions about the origins and eventual demise of the Roman economy and about conditions for the formation and preservation of markets in general. Keywords: Early Roman Empire, Roman economy, Market economies.
Author: Cristina Rosillo-López
Publisher: Springer Nature
ISBN: 3030541002
Category : Business & Economics
Languages : en
Pages : 340
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Book Description
This volume studies information as an economic resource in the Roman World. Information asymmetry is a distinguishing phenomenon of any human relationship. From an economic perspective, private or hidden information, opposed to publicly observable information, generates advantages and inequalities; at the same time, it is a source of profit, legal and illegal, and of transaction costs. The contributions that make up the present book aim to deepen our understanding of the economy of Ancient Rome by identifying and analysing formal and informal systems of knowledge and institutions that contributed to control, manage, restrict and enhance information. The chapters scrutinize the impact of information asymmetries on specific economic sectors, such as the labour market and the market of real estate, as well as the world of professional associations and trading networks. It further discusses structures and institutions that facilitated and regulated economic information in the public and the private spheres, such as market places, auctions, financial mechanisms and instruments, state treasures and archives. Managing Asymmetric Information in the Roman Economy invites the reader to evaluate economic activities within a larger collective mental, social, and political framework, and aims ultimately to test the applicability of tools and ideas from theoretical frameworks such as the Economics of Information to ancient and comparative historical research.
Author: L. de Ligt
Publisher: Dutch Monographs on Ancient Hi
ISBN:
Category : Business & Economics
Languages : en
Pages : 336
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Book Description
Periodic markets are institutions of crucial importance in all pre-industrial economies. Yet the subject has been given little atten-tion by Roman historians. The aim of this book is to remedy this state of affairs through an empire-wide study of annual, bi-annual, monthly and 'weekly' markets. The method used involves the interpretation of the ancient evidence in terms of economic and anthropo-logical theory and against the background of comparative data. Dr de Ligt starts by demonstrat-ing the continued importance of local and regional fairs throughout the im-perial period. Special attention is devoted to the role of both annual fairs and high-frequency periodic markets in the rural economy. In the second half of the book the scope of the discussion is extended to social and political aspects. Finally, the book addresses such topics as urban resistance towards neighbouring rural markets and the widespread practice of waiving customs duties for the duration of largescale religious festivals.
Author:
Publisher:
ISBN: 9783476014733
Category : Classical dictionaries
Languages : de
Pages :
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Book Description
Author: Alan Bowman
Publisher: OUP Oxford
ISBN: 0191570044
Category : History
Languages : en
Pages : 376
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Book Description
This collection of essays is the first volume in a new series, Oxford Studies on the Roman Economy. Edited by the series editors, it focuses on the economic performance of the Roman empire, analysing the extent to which Roman political domination of the Mediterranean and north-west Europe created the conditions for the integration of agriculture, production, trade, and commerce across the regions of the empire. Using the evidence of both documents and archaeology, the contributors suggest how we can derive a quantified account of economic growth and contraction in the period of the empire's greatest extent and prosperity.
Author: Cristina Rosillo-López
Publisher:
ISBN: 9783030541019
Category :
Languages : en
Pages : 0
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Book Description
This volume studies information as an economic resource in the Roman World. Information asymmetry is a distinguishing phenomenon of any human relationship. From an economic perspective, private or hidden information, opposed to publicly observable information, generates advantages and inequalities; at the same time, it is a source of profit, legal and illegal, and of transaction costs. The contributions that make up the present book aim to deepen our understanding of the economy of Ancient Rome by identifying and analysing formal and informal systems of knowledge and institutions that contributed to control, manage, restrict and enhance information. The chapters scrutinize the impact of information asymmetries on specific economic sectors, such as the labour market and the market of real estate, as well as the world of professional associations and trading networks. It further discusses structures and institutions that facilitated and regulated economic information in the public and the private spheres, such as market places, auctions, financial mechanisms and instruments, state treasures and archives. Managing Asymmetric Information in the Roman Economy invites the reader to evaluate economic activities within a larger collective mental, social, and political framework, and aims ultimately to test the applicability of tools and ideas from theoretical frameworks such as the Economics of Information to ancient and comparative historical research.
Author: Paul Erdkamp
Publisher: Oxford University Press
ISBN: 0192578960
Category : History
Languages : en
Pages : 508
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Book Description
Investment in capital, both physical and financial, and innovation in its uses are often considered the linchpin of modern economic growth, while credit and credit markets now seem to determine the wealth - as well as the fate - of nations. Yet was it always thus? The Roman economy was large, complex, and sophisticated, but in terms of its structural properties did it look anything like the economies we know and are familiar with today? Through consideration of the allocation and uses of capital and credit and the role of innovation in the Roman world, the individual essays comprising this volume go straight to the heart of the matter, exploring such questions as how capital in its various forms was generated, allocated, and employed in the Roman economy; whether the Romans had markets for capital goods and credit; and whether investment in capital led to innovation and productivity growth. Their authors consider multiple aspects of capital use in agriculture, water management, trade, and urban production, and of credit provision, finance, and human capital, covering different periods of Roman history and ranging geographically across Italy and elsewhere in the Roman world. Utilizing many different types of written and archaeological evidence, and employing a range of modern theoretical perspectives and methodologies, the contributors, an expert international team of historians and archaeologists, have produced the first book-length contribution to focus exclusively on (physical and financial) capital in the Roman world; a volume that is aimed not only at specialists in the field, but also at economic historians and archaeologists specializing in other periods and places.
Author: Peter Fibiger Bang
Publisher: Cambridge University Press
ISBN: 9780521300704
Category : History
Languages : en
Pages : 0
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Book Description
It has long been held by historians that trade and markets in the Roman Empire resembled those found later in early modern Europe. Using the concept of the bazaar, however, Peter Bang argues that the development spawned by Roman hegemony proves clear similarities with large, pre-colonial or tributary empires such as the Ottoman, the Mughal in India, and the Ming/Ch'ing in China. By comparing Roman market formation particularly with conditions in the Mughal Empire, Bang changes our comparative horizons and situates the ongoing debate over the Roman economy firmly within wider discussions about world history and the 'great divergence' between east and west. The broad scope of this book takes in a wide range of topics, from communal networks and family connections to imperial cultures of consumption, and will therefore be of great interest to scholars and students of ancient history and pre-industrial economics.
Author: André Tchernia
Publisher: Oxford University Press
ISBN: 019109109X
Category : History
Languages : en
Pages : 400
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Book Description
André Tchernia is one of the leading experts on amphorae as a source of economic history, a pioneer of maritime archaeology, and author of a wealth of articles on Roman trade, notably the wine trade. This book brings together the author's previously published essays, updated and revised, with recent notes and prefaced with an entirely new synthesis of his views on Roman commerce with a particular emphasis on the people involved in it. The book is divided into two main parts. The first is a general study of the structure of Roman trade: Landowners and traders, traders' fortunes, the matter of the market, the role of the state, and dispatching what is required. It tackles the recent debates on Roman trade and Roman economy, providing, original and convincing answers. The second part of the book is a selection of 14 of the author's published papers. They range from discussions of general topics such as the ideas of crisis and competition, the approvisioning of Ancient Rome, trade with the East, to more specialized studies, such as the interpretation of the 33 AD crisis. Overall, the book contains a wealth of insights into the workings of ancient trade and expertly combines discussion of the material evidence-especially of amphorae and wrecks-with the prosopographical approach derived from epigraphic, papyrological and historical data.
