Law And The Rural Economy In The Roman Empire

A bold application of economic theory to help provide an understanding of the role that law played in the development of the Roman economy

A bold application of economic theory to help provide an understanding of the role that law played in the development of the Roman economy

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.

The economic analysis of Roman law has enormous potential to illuminate the origins of Roman legal institutions in response to changes in the economic activities that they regulated. These two volumes combine approaches from legal history and economic history with methods borrowed from economics to offer a new interdisciplinary approach.

Were legal systems in the Roman empire conducive to economic growth and development? Were legal rules and procedure changed in response to economic needs? This book offers detailed studies to provide some answers to these basic questions.

Ancient Rome is the only society in the history of the western world whose legal profession evolved autonomously, distinct and separate from institutions of political and religious power. Roman legal thought has left behind an enduring legacy and exerted enormous influence on the shaping of modern legal frameworks and systems, but its own genesis and context pose their own explanatory problems. The economic analysis of Roman law has enormous untapped potential in this regard: by exploring the intersecting perspectives of legal history, economic history, and the economic analysis of law, the two volumes of Roman Law and Economics are able to offer a uniquely interdisciplinary examination of the origins of Roman legal institutions, their functions, and their evolution over a period of more than 1000 years, in response to changes in the underlying economic activities that those institutions regulated. Volume I explores these legal institutions and organizations in detail, from the constitution of the Roman Republic to the management of business in the Empire, while Volume II covers the concepts of exchange, ownership, and disputes, analysing the detailed workings of credit, property, and slavery, among others. Throughout each volume, contributions from specialists in legal and economic history, law, and legal theory are underpinned by rigorous analysis drawing on modern empirical and theoretical techniques and methodologies borrowed from economics. In demonstrating how these can be fruitfully applied to the study of ancient societies, with due deference to the historical context, Roman Law and Economics opens up a host of new avenues of research for scholars and students in each of these fields and in the social sciences more broadly, offering new ways in which different modes of enquiry can connect with and inform each other.

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 ‘primitivist’ 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.

Ancient Rome is the only society in the history of the western world whose legal profession evolved autonomously, distinct and separate from institutions of political and religious power. Roman legal thought has left behind an enduring legacy and exerted enormous influence on the shaping of modern legal frameworks and systems, but its own genesis and context pose their own explanatory problems. The economic analysis of Roman law has enormous untapped potential in this regard: by exploring the intersecting perspectives of legal history, economic history, and the economic analysis of law, the two volumes of Roman Law and Economics are able to offer a uniquely interdisciplinary examination of the origins of Roman legal institutions, their functions, and their evolution over a period of more than 1000 years, in response to changes in the underlying economic activities that those institutions regulated. Volume I explores these legal institutions and organizations in detail, from the constitution of the Roman Republic to the management of business in the Empire, while Volume II covers the concepts of exchange, ownership, and disputes, analysing the detailed workings of credit, property, and slavery, among others. Throughout each volume, contributions from specialists in legal and economic history, law, and legal theory are underpinned by rigorous analysis drawing on modern empirical and theoretical techniques and methodologies borrowed from economics. In demonstrating how these can be fruitfully applied to the study of ancient societies, with due deference to the historical context, Roman Law and Economics opens up a host of new avenues of research for scholars and students in each of these fields and in the social sciences more broadly, offering new ways in which different modes of enquiry can connect with and inform each other.