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The Roman Market Economy

The Roman Market Economy - Paperback

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Availability:In StockContributor:Peter TeminSeries:Princeton Economic History of the Western World #71Publish date:2017-09-05Pages:320
Language:EnglishPublisher:Princeton University PressISBN-13:9780691177946ISBN-10:691177945UPC:9780691177946Book Category:History, Business & EconomicsBook Subcategory:Ancient, Economic History, Economic ConditionsBook Topic:RomeSize:9.21 x 6.14 x 0.71 inchesWeight:1.0803Product ID:SC2T4A6F1R

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.
Language:EnglishPublisher:Princeton University PressISBN-13:9780691177946ISBN-10:691177945UPC:9780691177946Book Category:History, Business & EconomicsBook Subcategory:Ancient, Economic History, Economic ConditionsBook Topic:RomeSize:9.21 x 6.14 x 0.71 inchesWeight:1.0803Product ID:SC2T4A6F1R
Peter Temin is the Gray Professor Emeritus of Economics at the Massachusetts Institute of Technology. His books include The World Economy between the World Wars.
Publisher: Princeton University Press

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Peter Temin

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