Explains the importance of banks and their role in expanding the money supply, even in an ancient economy
Helps students of ancient history to understand how and why an ancient economy could have achieved real per capita growth
Contains a probabilistic quantification of the rate of growth of the Roman Republican economy between 150 BC and 50 BC
All Latin and Greek references are translated
In this volume, Philip Kay examines economic change 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, became 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.
(0 Comentarios)
