Economics Explained
Published 26 Apr 2020Ancient Rome was perhaps the most significant ancient civilisation to have existed throughout history, the empire lived for over 1000 years and in that time, it gave us the foundations for our modern society. Democracy, a court based legal system, Latin languages and alphabet, three course meals, and perhaps it was one of the first modern economies to move beyond a simple agrarian empire and develop things like modern banking, lending, taxation and yes even financial crisis as we know them today.
In the same way that scholars study a dead language like Latin to discerned the foundation of meaning in our modern dialects economists can study the histories of ancient civilisations like Rome to determine basic economic functions in a time before modern financial systems could skew results and Rome was perhaps the most developed case study we could look at.
#rome #economics #recession
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References –
Morley, N., 2002. Metropolis and hinterland: the city of Rome and the Italian economy, 200 BC-AD 200. Cambridge University Press.
Temin, P., 2006. “The economy of the early Roman Empire”. Journal of Economic Perspectives
Temin, P., 2017. The Roman market economy. Princeton University Press.
Garnsey, P., Hopkins, K. and Whittaker, C.R. eds., 1983. Trade in the ancient economy
Brown, P., 2012. Through the Eye of a Needle: Wealth, the Fall of Rome, and the Making of Christianity in the West, 350-550 AD. Princeton University Press.
Braund, D.C., 1983. Gabinius, Caesar, and the publicani of Judaea. Klio
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