The Impact of Globalization in the Roman Empire, 200 bc — ad 100

Abstract

The article employs a general equilibrium model to describe Italy's response to commodity and factor market integration during the expansion of the Roman Empire. This novel approach constructs a comprehensive story of the Italian economy that corroborates established developments and sheds light on controversial and unanswered questions. The success of the model supports arguments that Romans were rational economic actors and that the Roman economy was a well-integrated market system.

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