Rome's economic revolution / Philip Kay.

Format:

Book

Author/Creator:

Kay, Philip, 1955- author.

Series:

Oxford studies on the Roman economy

Language:

English

Latin

Subjects (All):

Rome--Economic conditions--510-30 B.C.

Rome.

Physical Description:

xiv, 384 pages : illustrations ; 24 cm.

Edition:

First Edition.

Place of Publication:

Oxford, U.K. : Oxford University Press, 2014.

Language Note:

In English; occasional phrases in Latin with English translations.

Summary:

This innovative monograph series reflects a vigorous revival of interest in the ancient economy, focusing on the Mediterranean world under Roman rule (c.100 BC to AD 350). Carefully quantified archaeological and documentry data will be integrated to help ancient historians, economic historians, and archaeologists think about economic behaviour collectively rather than from separete perspective. The volumes will include a substantial comparative element and thus be of interest to historians of other periods and places. In this volume, Philip Kay examines economic changes in Rome and Italy between the Second Punic War and the middle of the first century BC. He argues that increased inflows of bullion, in particular silver, combined with an expansion of the availability of credit to produce significant growth in monetary liquidity. This, in turn, stimulated market developments, such as investment farming, trade, construction, and manufacturing and radically changed the composition and scale of the Roman economy. Using a wide range of evidence and scholarly investigation, Kay demonstrates how Rome, in the second and first centuries BC, become a coherent economic entity experiencing real per capita economic growth. Without an understanding of this economic revolution, the contemporaneous political and cultural changes in Roman society cannot be fully comprehended or explained. Book jacket.

Contents:

Rome and its economy at the time of the Second Punic War

Indemnities and booty

Mining revenues

State finance and the lex Sempronia de provincia Asia

Cashing in the plunder

Credit and financial intermediation

Investment farming and agricultural exploitation

Trade, capital, and interconnected markets

The creation of 'material complexity'

After the credit crunch

Forecasting the past.

Notes:

Includes bibliographical references (pages [335]-358) and indexes.

ISBN:

9780199681549

0199681546

OCLC:

858660112

Publisher Number:

60001885938