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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.
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.
The study of inscriptions is critical for anyone seeking to understand the Roman world, whether they regard themselves as literary scholars, historians, archaeologists, anthropologists, or religious scholars. The Oxford Handbook of Roman Epigraphy is the fullest collection of scholarship on the study and history of Latin epigraphy produced to date.
The Roman Empire is widely admired as a model of civilisation. In this compelling new study Neil Faulkner argues that in fact, it was nothing more than a ruthless system of robbery and violence. War was used to enrich the state, the imperial ruling classes and favoured client groups. In the process millions of people were killed or enslaved. Within the empire the landowning elite creamed off the wealth of the countryside to pay taxes to the state and fund the towns and villas where they lived. The masses of people – slaves, serfs and poor peasants – were victims of a grand exploitation that made the empire possible. This system, riddled with tension and latent conflict, contained the seeds of its own eventual collapse.