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Economic Theory and the Roman Monetary Economy (Hardcover)
Loot Price: R2,568
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Economic Theory and the Roman Monetary Economy (Hardcover)
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Modern economics tantalizes historians, promising them a set of
simple verbal and mathematical formulas to explain and even
retrospectively predict historical actions and choices. Colin P.
Elliott challenges economic historians to rethink the way they use
economic theory. Building upon the approaches of Max Weber, R. G.
Collingwood, Ludwig von Mises and others, Elliott reconceptualizes
economic theories such as the quantity theory of money and
Gresham's law as heuristic constructs - constructs which help
historians identify and understand the unique modes of thought and
embedding contexts which characterized economic action in the Roman
Empire. The book offers novel analyses of key events in Roman
monetary history, from Augustus' triumph over Mark Antony and
Cleopatra, to third-century AD coinage debasements. Roman history
has long been a battleground for polarizing methodological debates,
but this book's accessible style and conciliatory tone invites
historians, economists, sociologists and other scholars to use
economic theory for understanding.
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