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"Recent works by economic historians of early modern Europe have argued for a link between encyclopedias of the 18th century and the developments culminating in the Industrial Revolution. Diderot and D'Alembert's great Encyclopedie aimed to disseminate useful knowledge for productive growth and was one of the most visible contributions to what economic historian Joel Mokyr has labelled a "culture of growth." While the Ancient Romans didn't have anything like these encyclopedias, they did have its very popular and acknowledged ancestor, the thirty-seven books of Pliny's Natural History. Much has been written about Pliny's view of nature, his scientific thought, his ideology of empire, and so on, but there has been no comparable effort to probe Pliny's economic views and the impact, if any, of his history on Roman economic growth. In Pliny's Roman Economy, eminent Roman historian Richard Saller aims to bring together the economic observations and instances of financial reasoning scattered throughout the Natural History. Taken together, they do not amount to a discipline of "economics," but, Saller argues they do provide insights into Pliny's views about different forms of production and commerce, about labor and agency, about price formation and profitability, about investment and consumption and about technology. Combined with archaeological and other evidence, Pliny's work can also provide us with one of our best textual pictures of the working of the Roman economy"--
Imperial Rome has a name for wealth and luxury, but was the economy of the Roman Empire as a whole a success, by the standards of pre-modern economies? In this volume W. V. Harris brings together eleven previously published papers on this much-argued subject, with additional comments to bring them up to date. A new study of poverty and destitution provides a fresh perspective on the question of the Roman Empire's economic performance, and a substantial introduction ties the collection together. Harris tackles difficult but essential questions, such as how slavery worked, what role the state played, whether the Romans had a sophisticated monetary system, what it was like to be poor, whether they achieved sustained economic growth. He shows that in spite of notably sophisticated economic institutions and the spectacular wealth of a few, the Roman economy remained incorrigibly pre-modern and left a definite segment of the population high and dry.
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.
Explanation of the success and failure of the Roman economy is one of the most important problems in economic history. As an economic system capable of sustaining high production and consumption levels, it was unparalleled until the early modern period. This volume focuses on how the institutional structure of the Roman Empire affected economic performance both positively and negatively. An international range of contributors offers a variety of approaches that together enhance our understanding of how different ownership rights and various modes of organization and exploitation facilitated or prevented the use of land and natural resources in the production process. Relying on a large array of resources - literary, legal, epigraphic, papyrological, numismatic, and archaeological - chapters address key questions regarding the foundations of the Roman Empire's economic system. Questions of growth, concentration and legal status of property (private, public, or imperial), the role of the state, content and limitations of rights of ownership, water rights and management, exploitation of indigenous populations, and many more receive new and original analyses that make this book a significant step forward to understanding what made the economic achievements of the Roman empire possible.
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.
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.
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.