Rome's economic revolution /
This book examines economic change in Republican Rome and Italy between the Second Punic War and the middle of the first century BC and fills a major gap by explaining how the economic world of Cicero came into being. The general proposition that the second and early first centuries bc were a time o...
| Main Author: | |
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| Format: | eBook |
| Language: | English Latin |
| Language Notes: | In English; occasional phrases in Latin with English translations. |
| Published: |
Oxford :
Oxford University Press,
2014.
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| Series: | Oxford studies on the Roman economy.
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| Subjects: | |
| Online Access: | Connect to the full text of this electronic book |
MARC
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| 100 | 1 | |a Kay, Philip, |d 1955- |e author. |1 https://id.oclc.org/worldcat/entity/E39PCjM7hhVHkHpQ8tcMVVPQpX | |
| 245 | 1 | 0 | |a Rome's economic revolution / |c Philip Kay. |
| 264 | 1 | |a Oxford : |b Oxford University Press, |c 2014. | |
| 300 | |a 1 online resource (xiv, 384 pages) : |b illustrations | ||
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| 490 | 1 | |a Oxford studies on the Roman economy | |
| 504 | |a Includes bibliographical references and index. | ||
| 505 | 0 | |a 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. | |
| 520 | 8 | |a This book examines economic change in Republican Rome and Italy between the Second Punic War and the middle of the first century BC and fills a major gap by explaining how the economic world of Cicero came into being. The general proposition that the second and early first centuries bc were a time of economic change has been stated before, but there is no comprehensive study that has tackled economic development during this period. Indeed, to date, little attempt has been made to explain why, or indeed even whether, the Roman economy of the first century bc was significantly different, in qualitative or quantitative terms, from that of the late third century bc. The author argues, against the current orthodoxy among specialists, that the prime consequences of Rome's conquest of the Mediterranean were financial. His thesis is that increased inflows of bullion, in particular silver, combined with an expansion of the availability of credit to produce significant growth in monetary liquidity. In turn, this increase in the supply and availability of money stimulated market developments, such as investment farming, trade, construction, and manufacturing. In the final chapter, the author constructs a probabilistic quantification of the Italian economy to show that real per capita economic growth is likely to have occurred between 150 and 50 bc. Without an understanding of this economic revolution, the contemporaneous political and cultural changes in Roman society cannot be fully comprehended or explained. | |
| 588 | 0 | |a Online resource; title from home page (viewed on March 14, 2014). | |
| 546 | |a In English; occasional phrases in Latin with English translations. | ||
| 651 | 0 | |a Rome |x Economic conditions |y 510-30 B.C. | |
| 651 | 6 | |a Rome |x Conditions économiques |y 510-30 av. J.-C. | |
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