Soldiers and booze: The rise and decline of a Roman market economy in north-western Europe
AbstractThis study quantifies the importance of the Roman military for the development of a market economy in north-western Europe. Distributions of low denomination coins show how the Roman arrival kick-started a local market economy. Additionally settlement densities of fluvial catchments are used as a proxy for economic development. Our newly constructed dataset of settlement sizes shows a high correlation with Roman military requirements. After the demise of the empire the local market economy faded away. This antique market economy had a different geographical distribution than its medieval successor, which was not mainly driven by military demand.
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Bibliographic InfoPaper provided by Utrecht University, Centre for Global Economic History in its series Working Papers with number 0032.
Length: 55 pages
Date of creation: Jun 2012
Date of revision:
market economy; historical development; Roman Empire; north-western Europe; inland waterway transport; coin finds;
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