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The Roman Market Economy
Peter Temin
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Sachbuch / Vor- und Frühgeschichte, Antike
Beschreibung
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.
Kundenbewertungen
Receipt, Roman economy, Supply and demand, Real wages, Economic interventionism, Interest rate, Standard error, Wage, Economic growth, Market economy, Freedman, New institutional economics, Market price, Adverse selection, International trade, Transaction cost, Purchasing power, Consumer, Grain trade, Antonine Plague, Information asymmetry, Economist, Manumission, Price Change, Roman Italy, Joint-stock company, Scarcity, Financial intermediary, Comparative advantage, Economy, Tax rate, Accounting, The Ancient Economy, Shortage, Urbanization, Payment, T-statistic, Developed country, Industrialisation, Interest, Quantity, Demand curve, Probability, Economic history, Agriculture, Income, Institution, Employment, Slavery, Currency, Roman Government, Economics, Population growth, Calculation, Industrial Revolution, Incentive, Supply (economics), Land tenure, Factors of production, Commodity, Tax, Diocletian, Measures of national income and output, Long run and short run, Household, Investor, Relative price, Inflation, Year, Denarius