Chaptergreen2008

Money and Prices in the Early Roman Empire

111 citations0/0 files storedOxford University Press eBooks

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Classical Antiquity Studies Monetary Policy and Economic Impact Historical Economic and Social Studies

Abstract

We examine monetization in the early Roman Empire by considering money as a unit of account. Widespread use of prices indicates widespread monetization. A consistent set of prices for wheat indicates that this monetization encouraged trade to grow across the Mediterranean. This argument is documented with a statistical test, preceded by a non-technical introduction and followed by consideration of a range of possible objections.

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References

1980Taxes and Trade in the Roman Empire (200 B.C.–A.D. 400)1981The Corn Supply of Ancient Rome 1998Cities, Peasants and Food in Classical Antiquity 1988The Archaeology of the Roman Economy 2004The invention of coinage and the monetization of Ancient Greece 1996The Amount of Wages Paid to the Quarry-Workers at Mons Claudianus 2006Mediterranean Trade in Biblical Times

Cited by

2019Mosaics of Knowledge 2012Slavery 2012Money and finance 2011Economic Performance and Economic Growth in the Early Islamic World 2012Human capital and economic growth 2020Economic Theory and the Roman Monetary Economy 2020Roman Seas 2020Landscape Change and Trade in Ancient Greece: Evidence from Pollen Data

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