The Cambridge Companion To The Roman Economy

Thanks to its exceptional size and duration, the Roman Empire offers one of the best opportunities to study economic development in the context of an agrarian world empire. This volume, which is organised thematically, provides a sophisticated introduction to and assessment of all aspects of its economic life.

Publisher Description

A highly accessible survey of life in the capital of the Roman Empire, the largest metropolis of its day.

"This book offers readers a comprehensive and innovative introduction to the economy of the Roman Empire. Focusing on the principal determinants, features and consequences of Roman economic development and integrating additional web-based materials, it is designed as an up-to-date survey that is accessible to all audiences. Five main sections discuss theoretical approaches drawn from economics, labor regimes, the production of power and goods, various means of distribution from markets to predation, and the success and ultimate failure of the Roman economy. The book not only covers traditionally prominent features such as slavery, food production and monetization but also highlights the importance of previously neglected aspects such as the role of human capital, energy generation, rent-taking, logistics and human wellbeing, and convenes a group of five experts to debate the nature of Roman trade"--

This second edition examines all aspects of Roman history, and contains a new introduction, three new chapters and updated bibliographies.

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.

This book introduces the Age of Justinian, the last Roman century and the first flowering of Byzantine culture. Dominated by the policies and personality of emperor Justinian I (527–565), this period of grand achievements and far-reaching failures witnessed the transformation of the Mediterranean world. In this volume, twenty specialists explore the most important aspects of the age including the mechanics and theory of empire, warfare, urbanism, and economy. It also discusses the impact of the great plague, the codification of Roman law, and the many religious upheavals taking place at the time. Consideration is given to imperial relations with the papacy, northern barbarians, the Persians, and other eastern peoples, shedding new light on a dramatic and highly significant historical period.

In this, the first comprehensive survey of the economies of classical antiquity, twenty-eight chapters summarise the current state of scholarship in their specialised fields and sketch new directions for research. They reflect a new interest in economic growth in antiquity and develop new methods for measuring economic development, often combining textual and archaeological data that have previously been treated separately.