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The Roman Market Economy
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The Roman Market Economy

Peter Temin

Abstract

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. This book uses the tools of modern economics to show how trade, markets, and the Pax Romana were critical to ancient Rome's prosperity. The book argues that markets dominated the Roman economy. It traces how the Pax Romana encouraged trade around the Mediterranean, and how Roman law promoted commerce and banking. It further shows that a reasonably vibrant market for wheat extended throughout the empire, and s ... More

Keywords: Roman citizens, Roman Empire, Industrial Revolution, Roman economy, Pax Romana, Roman Italy, economic growth, Roman markets

Bibliographic Information

Print publication date: 2012 Print ISBN-13: 9780691147680
Published to Princeton Scholarship Online: October 2017 DOI:10.23943/princeton/9780691147680.001.0001

Authors

Affiliations are at time of print publication.

Peter Temin, author
Massachusetts Institute of Technology