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.
In search of Roman economic growth
The real question is not what the data reveal about change over time: it is what we would need to know in order to determine whether these data reflect extensive or intensive economic growth; why any such growth occurred, abated, and ceased; and how it related to the distribution of incomes.
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.
Coin quality, coin quantity, and coin value in early China and the Roman world
How was the valuation of ancient coins related to their quality and quantity? How did ancient economies respond to coin debasement and to sharp increases in the money supply relative to the number of goods and transactions? I argue that the same answer – that the result was a devaluation of the coinage in real terms, most commonly leading to price increases – applies to two ostensibly quite different monetary systems, those of early China and the Roman Empire.
The comparative economics of slavery in the Greco-Roman world
This paper has two goals. The first one is to improve our understanding of the critical determinants of the large-scale use of slave labor in different sectors of historical economies…My second objective is to explain differences in the relative prevalence of chattel slavery in different periods and parts of the ancient Mediterranean world with the help of data on prices and wages…
The Athenian Empire (478-404 BC)
In this paper I raise 3 questions: (1) How, and how much, did the Athenian Empire change Greek society? (2) Why did the Athenian Empire (or a competitor state) not become a multiethnic empire like Persia or Rome? (3) In the long run, how much did the Athenian Empire’s failure matter?
The collapse and regeneration of complex society in Greece, 1500-500 BC
Greece between 1500 and 500 BC is one of the best known examples of the phenomenon of the regeneration of complex society after a collapse. I review 10 core dimensions of this process (urbanism, tax and rent, monuments, elite power, information- recording systems, trade, crafts, military power, scale, and standards of living), and suggest that punctuated equilibrium models accommodate the data better than gradualist interpretations.