Tag: Trade

Articles

Rule and Revenue in Egypt and Rome: Political Stability and Fiscal Institutions

This paper has more modest goals. It takes as its starting point Levi’s hy- pothesis that the transition from the Roman Republic to the Principate in the late first century BC brought political stability, which led to rationally calcu- lated fiscal reforms. It examines the effects of this transition in Egypt where there is abundant evidence due to the survival of administrative and tax docu- ments on papyrus and potsherds.

Articles

The monetary systems of the Han and Roman empires

It is not an exaggeration to say that the existing body of research scholarship on Roman coins, money, and the monetary economy greatly exceeds corresponding scholarship on early Chinese money in terms of both volume and sophistication. As a consequence, while the physical characteristics of Roman coins and their distribution have already been studied in very considerable detail and much attention has been paid to their relevance to broader questions of economic history, our knowledge of ancient Chinese money and its uses remains much more limited and fragile and many important questions have barely been addressed at all.

Articles

The size of the economy and the distribution of income in the Roman Empire

Different ways of estimating the Gross Domestic Product of the Roman Empire in the second century CE produce convergent results that point to total output and consumption equivalent to 50 million tons of wheat or close to 20 billion sesterces per year. It is estimated that elites (around 1.5 per cent of the imperial population) controlled approximately one-fifth of total income while middling households (perhaps 10 percent of the population) consumed another fifth. These findings shed new light on the scale of economic inequality and the distribution of demand in the Roman world.

Articles

A comparative perspective on the determinants of the scale and productivity of maritime trade in the Roman Mediterranean

I argue that imperial state formation was the single most important ultimate determinant of the scale, structure, and productivity of maritime commerce in the Roman period. Hegemony and subsequent direct rule created uniquely favorable conditions for maritime trade by cutting the costs of predation, transactions, and financing to levels that were lower than in any other period of pre-modern Mediterranean history.

Articles

Texts, contexts, subtexts and interpretative frameworks. Beyond the parochial and toward (dynamic) modeling of the Ptolemaic state and the Ptolemaic economy

My concern in this paper is the historical interpretation of the Greek and demotic documentary papyri of the Ptolemaic period, the role of Archaeology in the context of Ptolemaic economic history, and the application of social science theory towards an understanding of Ptolemaic Egypt.

Articles

Farming in the ancient Greek world: how should the small free producers be defined?

The peasant is often defined as a small self-sufficient producer who employs family labour to work a mixed farm. Living in little rural communities and a specific tradi- tional culture constitute other aspects of his specific situation. Agrarian societies often present social differentiations and involve several rapports between cultivators and the landed gentry.