scholarly journals A Market Economy in the Early Roman Empire

2001 ◽  
Vol 91 ◽  
pp. 169-181 ◽  
Author(s):  
Peter Temin

The economy of the early Roman Empire has been an object of study for at least the last century. The discussion has been marked by continuing debate, known sometimes as the primitivist/modern debate and at other times as the Finley debate, following his famous Sather lectures, The Ancient Economy. This paper is a contribution to this debate, written by an economist rather than an ancient historian. My purpose is to define the concept of a ‘market economy’, and to see if it fits the evidence we have for the early Roman Empire.Finley declared that, ‘ancient society did not have an economic system which was an enormous conglomeration of interdependent markets’. He drew implicitly on research by Polanyi to oppose the views of Rostovtzeff within the field of ancient history and those of Fogel and Engerman in economic history, but he did not explicitly join their conceptual apparatuses. Morris has summarized the debate fuelled by Finley's dramatic lectures in his foreword to the twenty-fifth anniversary edition and argued that the controversy is still vigorous today. I hope to clarify the issues in this debate and even resolve the debate for the period of the early Roman Empire.

2020 ◽  
pp. 137-162
Author(s):  
Peter Temin

This chapter uses new data to extend the argument that there was an integrated wheat market in the late Roman Republic and early Roman Empire. I explore the meaning of randomness when data are scarce, and I investigate how we recreate the nature of ancient societies by asking new questions that stimulate the discovery of more information. The case for a prosperous Roman society extending the length of the Mediterranean Sea is strong. This chapter draws on and extends work reported in my book: The Roman Market Economy (2013).


Author(s):  
Peter Temin

This chapter asserts that the economy of the early Roman Empire was primarily a market economy. The parts of this economy located far from each other were not tied together as tightly as markets often are today, but they still functioned as part of a comprehensive Mediterranean market. There are two reasons why this argument is important. First, it brings the description of the Roman economy as a whole into accord with the fragmentary evidence about individual market transactions. Second, this synthetic view provides a platform on which to investigate further questions about the origins and eventual demise of the Roman economy and about conditions for the formation and preservation of markets in general.


2014 ◽  
Vol 52 (4) ◽  
pp. 1151-1159
Author(s):  
François Velde

Herein, I review Peter Temin’s book, The Roman Market Economy, and take the occasion to alert economists to the exciting work that is being done and could be done in the economic history of the ancient world. (JEL C80, N01, N13, N73)


2020 ◽  
Vol 4 (5(74)) ◽  
pp. 53-57
Author(s):  
D.S. Chereshkin

Definitions of the basic concepts of the object of study and the main processes of obtaining the values of baseline indicators, especially in the context of the crisis situation in the SES, are proposed. Possible ways of making decisions based on their choice to assess the risk of impact on the facility as a whole are being considered.


2020 ◽  
Vol 3 (5) ◽  
Author(s):  
Pan Jiang

At this stage, the market economy has become an important force to promote China's economic development. Consolidating the core of market economic development, namely, economic equality and economic freedom, is an inevitable requirement for upholding and improving China's basic economic system, and it is also an important aspect of the country's strong guarantee for market economic development. Therefore, it is necessary to research the meaning of the market economy in the constitution, and at the same time clarify the constitutional norms’ obligation to guarantee the implementation of state agencies to provide adequate constitutional guarantees for the development of the market economy.


1931 ◽  
Vol 21 (1) ◽  
pp. 110-130 ◽  
Author(s):  
R. C. Carrington

The remains of 39 villas have been discovered, up to the present, in the region which was covered by lapilli and ash during the eruption of Vesuvius in A.D. 79. Twelve of these were excavated between the years 1749 and 1782, in the vicinity of Castellammare di Stabia; the rest have been excavated during the last half-century, either in the immediate neighbourhood of Pompeii or in the territory of the modern comuni adjoining it (Boscoreale, Scafati, Gragnano). A list of 36 of the villas arranged in the chronological order of their excavation is given in Rostovtzeff's Social and Economic History of the Roman Empire. Rostovtzeff concludes his note with the words ‘Useful work could be done by a scholar who would devote a little time and care to a study of the Campanian “villae rusticae,” and endeavour to investigate the history of the buildings.’ Unfortunately all of the villas were buried again after their excavation, and, in investigating the history of the buildings, we have only the scanty information furnished by the reports, which, often amounts to nothing at all. Inability to see the buildings, however, would not be such a great disadvantage if, at the time of the excavation, adequate records had been made of the building materials used, and the methods of their use.


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