Jump to ContentJump to Main Navigation
The Roman Market Economy$
Users without a subscription are not able to see the full content.

Peter Temin

Print publication date: 2012

Print ISBN-13: 9780691147680

Published to Princeton Scholarship Online: October 2017

DOI: 10.23943/princeton/9780691147680.001.0001

Show Summary Details
Page of

PRINTED FROM PRINCETON SCHOLARSHIP ONLINE (www.princeton.universitypressscholarship.com). (c) Copyright Princeton University Press, 2017. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a monograph in HSO for personal use (for details see http://www.universitypressscholarship.com/page/privacy-policy).date: 12 December 2017

Price Behavior in the Roman Empire

Price Behavior in the Roman Empire

Chapter:
(p.70) Chapter 4 Price Behavior in the Roman Empire
Source:
The Roman Market Economy
Author(s):

Peter Temin

Publisher:
Princeton University Press
DOI:10.23943/princeton/9780691147680.003.0004

This chapter takes the scattered price data that have survived in order to make an index of Roman inflation. The index cannot describe the details of inflation, but it allows comparison between periods of time. The chapter suggests that the persistent inflation of the late Roman Empire came from political instability at the top of the hierarchy. It also raises an important problem in going from correlation to causation—the identification problem. As a result, economists propose an identification strategy to suggest how Roman inflation got its start in the late second century. The chapter also shows how, despite a great scarcity of price data for the Roman Empire, ancient historians appear to have conventional opinions about Roman price movements.

Keywords:   price data, Roman inflation, Roman Empire, political instability, identification problem, identification strategy, Roman price movements

Princeton Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us.