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23 essays on various aspects of Roman economic history.
Why are some countries rich and others poor? In 1500, the income differences were small, but they have grown dramatically since Columbus reached America. Since then, the interplay between geography, globalization, technological change, and economic policy has determined the wealth and poverty of nations. The industrial revolution was Britain's path breaking response to the challenge of globalization. Western Europe and North America joined Britain to form a club of rich nations by pursuing four polices-creating a national market by abolishing internal tariffs and investing in transportation, erecting an external tariff to protect their fledgling industries from British competition, banks to stabilize the currency and mobilize domestic savings for investment, and mass education to prepare people for industrial work. Together these countries pioneered new technologies that have made them ever richer. Before the Industrial Revolution, most of the world's manufacturing was done in Asia, but industries from Casablanca to Canton were destroyed by western competition in the nineteenth century, and Asia was transformed into 'underdeveloped countries' specializing in agriculture. The spread of economic development has been slow since modern technology was invented to fit the needs of rich countries and is ill adapted to the economic and geographical conditions of poor countries. A few countries - Japan, Soviet Russia, South Korea, Taiwan, and perhaps China - have, nonetheless, caught up with the West through creative responses to the technological challenge and with Big Push industrialization that has achieved rapid growth through investment coordination. Whether other countries can emulate the success of East Asia is a challenge for the future. ABOUT THE SERIES: The Very Short Introductions series from Oxford University Press contains hundreds of titles in almost every subject area. These pocket-sized books are the perfect way to get ahead in a new subject quickly. Our expert authors combine facts, analysis, perspective, new ideas, and enthusiasm to make interesting and challenging topics highly readable.
This volume breaks new ground in approaching the Ancient Economy by bringing together documentary sources from Mesopotamia and the Greco-Roman world. Addressing textual corpora that have traditionally been studied separately, the collected papers overturn the conventional view of a fundamental divide between the economic institutions of these two regions. The premise is that, while controlling for differences, texts from either cultural setting can be brought to bear on the other and can shed light, through their use as proxy data, on such questions as economic mentalities and market development. The book also presents innovative approaches to the quantitative study of large corpora of ancient documents. The resulting view of the Ancient Economy is much more variegated and dynamic than traditional ïprimitivistÍ views would allow. The volume covers the following topics: Babylonian house size data as an index of urban living standards; the Old Babylonian archives as a source for economic history; Middle Bronze Age long distance trade in Anatolia; long-term economic development in Babylonia from the 7th to the 4th century BC; legal institutions and agrarian change in the Roman Empire; papyrological evidence for water-lifting technology; money circulation and monetization in Late Antique Egypt; the application of Social Network Analysis to Babylonian cuneiform archives; price trends in the ancient Near East and Mediterranean in the Hellenistic and Roman periods, as well as the effects of locust plagues on prices.
The Antonines - Antoninus Pius, Marcus Aurelius, Lucius Verus and Commodus - played a crucial part in the development of the Roman empire, controlling its huge machine for half a century of its most testing period. Edward Gibbon observed that the epoch of the Antonines, the 2nd century A.D., was the happiest period the world had ever known. In this lucid, authoritative survey, Michael Grant re-examines Gibbon's statement, and gives his own magisterial account of how the lives of the emperors and the art, literature, architecture and overall social condition under the Antonines represented an `age of transition'. The Antonines is essential reading for anyone who is interested in ancient history, as well as for all students and teachers of the subject.