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The Roman Market Economy (Paperback)
Loot Price: R735
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The Roman Market Economy (Paperback)
Series: The Princeton Economic History of the Western World
Expected to ship within 12 - 17 working days
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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.
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