This chapter focuses on the terms of Roman land ownership. It demonstrates how land is the basis of all agrarian economies. Yet land markets are different from commodity markets even today because land does not move. Three attributes of land ownership can indicate a functioning market for land. First, there is a price for land that can change freely when conditions change. Second, people can buy and sell land at this price without reference to many outside authorities, that is, they can make their own decisions rather than reflecting the decisions of people not directly involved in the land sale. Finally, there are few restrictions on or obligations from most landholdings and land transfers other than the payment of taxes.
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