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Trade in the Ancient Mediterranean - Private Order and Public Institutions (Hardcover)
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Trade in the Ancient Mediterranean - Private Order and Public Institutions (Hardcover)
Series: The Princeton Economic History of the Western World
Expected to ship within 12 - 19 working days
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How ancient Mediterranean trade thrived through state institutions
From around 700 BCE until the first centuries CE, the Mediterranean
enjoyed steady economic growth through trade, reaching a level not
to be regained until the early modern era. This process of growth
coincided with a process of state formation, culminating in the
largest state the ancient Mediterranean would ever know, the Roman
Empire. Subsequent economic decline coincided with state
disintegration. How are the two processes related? In Trade in the
Ancient Mediterranean, Taco Terpstra investigates how the
organizational structure of trade benefited from state
institutions. Although enforcement typically depended on private
actors, traders could utilize a public infrastructure, which
included not only courts and legal frameworks but also socially
cohesive ideologies. Terpstra details how business practices
emerged that were based on private order, yet took advantage of
public institutions. Focusing on the activity of both private and
public economic actors-from Greek city councilors and Ptolemaic
officials to long-distance traders and Roman magistrates and
financiers-Terpstra illuminates the complex relationship between
economic development and state structures in the ancient
Mediterranean.
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