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The Roman Market Economy
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 Economyuses 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 Economyreveals how economics can help us understand how the Roman Empire could have ruled seventy million people and endured for centuries.
eBook
Worlds apart trading together : the organisation of long-distance trade between Rome and India in antiquity
\"'Worlds Apart Trading Together' sets out to replace the outdated notion of 'Indo-Roman trade' with a more informed perspective integrating the new findings of the last 30 years. In order to accomplish this, a perspective focusing on concrete demand from the ground up is adopted, also shedding light on the role of the market in long-distance exchange. Accordingly, the analysis conducted demonstrates that an economically highly substantial trade took place between the Mediterranean and the Indian Ocean in the 1st-6th cen. CE, altering patterns of consumption and modes of production in both India, South Arabia and the Roman Empire. Significantly, it can be documented that this trade was organised at the centres of demand and supply, in Rome and India, respectively, by comparable urban associations, the transport in-between being handled by equally well-organised private networks and diasporas of seagoing merchants. Consequently, this study concludes that the institution of the market in Antiquity was able to facilitate trade over very long distances, acting on a scale which had a characteristic impact on the economies of the societies involved, their economic structures converging by adapting to trade and the market.\"--Cover page 4.
Book
Roman Seas
This book offers an archaeological analysis of maritime economy and connectivity in the Roman east. That seafaring was fundamental to prosperity under Rome is beyond doubt, but a tendency to view the grandest long-distance movements among major cities against a background noise of small-scale, short-haul activity has tended to flatten the finer and varied contours of maritime interaction and coastal life into a featureless blue Mediterranean. Drawing together maritime landscape studies and network analysis, this work takes a bottom-up view of the diverse socioeconomic conditions and seafaring logistics that generated multiple structures and scales of interaction. The material record of shipwrecks and ports along a vital corridor from the southeast Aegean across the northeast Mediterranean provides a case study of regional exchange and communication based on routine sails between simple coastal facilities. Rather than a single well-integrated and persistent Mediterranean network, multiple discrete and evolving regional and interregional systems emerge. This analysis sheds light on the cadence of economic life along the coast, the development of market institutions, and the regional continuities that underpinned integration—despite certain interregional disintegration—into Late Antiquity. Through this model of seaborne interaction, the study advances a new approach to the synthesis of shipwreck and other maritime archaeological and historical economic data, as well as a path through the stark dichotomies that inform most paradigms of Roman connectivity and trade.
eBook
Rome and the Indian Ocean trade from Augustus to the early third century CE
\"In Rome and the Indian Ocean Trade from Augustus to the Early Third Century CE Matthew Adam Cobb examines the development of commercial exchange between the Mediterranean and the Indian Ocean worlds from the Roman annexation of Egypt (30 BCE) up to the early third century CE. Among the issues considered are the identities of those involved, how they organised and financed themselves, the challenges they faced (scheduling, logistics, security, sailing conditions), and the types of goods they traded. Drawing upon an expanding corpus of new evidence, Cobb aims to reassess a number of long-standing scholarly assumptions about the nature of Roman participation in this trade. These range from its chronological development to its economic and social impact\"-- Provided by publisher.
Book
Rome and the Indian Ocean trade from Augustus to the early third century CE
In Rome and the Indian Ocean Trade from Augustus to the Early Third Century CE Matthew Adam Cobb explores the development of commercial exchanges between the Mediterranean world and civilisations in East Africa, Southern Arabia and the India from the Augustan period to the early third century CE.
eBook
Silk
\"Already in Greek and Roman antiquity a vibrant series of exchange relationships existed between the Mediterranean regions and China, including the Indian subcontinents along well-defined routes we call the Silk Roads. Among the many goods that found their way from East to West and vice versa were glass, wine, spices, metals like iron, precious stones as well as textile raw materials and fabrics and silk, a luxury item that was in great demand in the Roman Empire. These collected papers connect research from different areas and disciplines dealing with exchange along the Silk Roads. These historical, philological and archaeological contributions highlight silk as a commodity, gift and tribute, and as a status symbol in varying cultural and chronological contexts between East and West, including technological aspects of silk production. The main period concerns Rome and China in antiquity, ending in the late fifth century CE, with the Roman Empire being transformed into the Byzantine Empire, while the Chinese chronology covers the Han dynasty, the Three Kingdoms, the Western and Eastern Jin and Sixteen Kingdoms, ending in 420 CE. In addition, both earlier and later epochs are also considered in order to gather an understanding of developments and changes in long-distance and longer-term relations that involved silk.\"
eBook
Empires and exchanges in Eurasian late antiquity : Rome, China, Iran, and the steppe, ca. 250-750
\"The second phase of Roman-steppe relations began during the latter part of the fourth century, when Hunnic groups entered the western steppes, and lasted through the early sixth century. This \"Age of Attila\" saw major shifts throughout Western Eurasia. Several decades after the battle of Adrianople, Huns moved into Europe and became unified early in the fifth century with a center of power in the Hungarian plain\"-- Provided by publisher.
Book
Worlds Apart Trading Together
Worlds Apart Trading Together sets out to replace the outdated notion of ‘Indo-Roman trade’ with a more informed perspective integrating the new findings of the last 30 years. In order to accomplish this, a perspective focusing on concrete demand from the ground up is adopted, also shedding light on the role of the market in long-distance exchange. Accordingly, the analysis conducted demonstrates that an economically highly substantial trade took place between the Mediterranean and the Indian Ocean in the 1st–6th cen. CE, altering patterns of consumption and modes of production in both India, South Arabia and the Roman Empire. Significantly, it can be documented that this trade was organised at the centres of demand and supply, in Rome and India, respectively, by comparable urban associations, the transport in-between being handled by equally well-organised private networks and diasporas of seagoing merchants. Consequently, this study concludes that the institution of the market in Antiquity was able to facilitate trade over very long distances, acting on a scale which had a characteristic impact on the economies of the societies involved, their economic structures converging by adapting to trade and the market.
eBook