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A bold application of economic theory to help provide an understanding of the role that law played in the development of the Roman economy
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.
During the Principate (roughly 27 BCE to 235 CE), when the empire reached its maximum extent, Roman society and culture were radically transformed. But how was the vast territory of the empire controlled? Did the demands of central government stimulate economic growth or endanger survival? What forces of cohesion operated to balance the social and economic inequalities and high mortality rates? How did the official religion react in the face of the diffusion of alien cults and the emergence of Christianity? These are some of the many questions posed here, in the new, expanded edition of Garnsey and Saller's pathbreaking account of the economy, society, and culture of the Roman Empire. This second edition includes a new introduction that explores the consequences for government and the governing classes of the replacement of the Republic by the rule of emperors. Addenda to the original chapters offer up-to-date discussions of issues and point to new evidence and approaches that have enlivened the study of Roman history in recent decades. A completely new chapter assesses how far Rome’s subjects resisted her hegemony. The bibliography has also been thoroughly updated, and a new color plate section has been added.
Did a Roman imperial economy exist under the Late Republic, the Roman Principate and the Later Roman Empire? And if so, what type of economy was it? Another equally important question is: did the Roman Empire, by specific actions, the creation of infrastructures, or its very existence, trigger a transformation of economic life in the regions which it dominated? Or was the Empire a marginal affair in the regions that belonged to it, and did economic developments take their own course, independently of the Empire? Questions like these, which are of great consequence to any student of Roman history, archaeology, and Roman law, are treated in this volume, which in its successive parts focuses on: 1. The character of the Roman economy. 2. Economic life in particular regions of the Roman Empire. 3. The economy of the Later Roman Empire.
An assessment of the economic success of Imperial Rome, consisting of eleven previously published papers by the historian W. V. Harris, with additional comments to bring them up to date. Harris also includes a new study of poverty and destitution, and a substantial introduction which ties the collection together.
Thanks to its exceptional size and duration, the Roman Empire offers one of the best opportunities to study economic development in the context of an agrarian world empire. This volume, which is organised thematically, provides a sophisticated introduction to and assessment of all aspects of its economic life.
Focuses on the economic history of the community of Rome from the Iron Age to the early Republic.
In this, the first comprehensive survey of the economies of classical antiquity, twenty-eight chapters summarise the current state of scholarship in their specialised fields and sketch new directions for research. They reflect a new interest in economic growth in antiquity and develop new methods for measuring economic development, often combining textual and archaeological data that have previously been treated separately.
The first volume in a new series, Oxford Studies on the Roman Economy: a collection of essays, edited by the series editors, focusing on the economic performance of the Roman empire, and suggesting how we can derive a quantified account of economic growth and contraction in the period of the empire's greatest extent and prosperity.
Duncan-Jones presents a series of studies and debates on interlocking themes which explore central areas of the Roman economy and the ways those areas connect and interact. The studies are grouped into five sections: Time and Distance, Demography and Manpower, Agrarian Patterns, The World of Cities, and Tax-payment and Tax-assessment.