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Explorations in the economics of intertemporal asset transfer in Roman Palestine

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  • P.V. Viswanath

    (Indira Gandhi Institute of Development Research)

Abstract

Following the Jewish Revolt and the destruction of the Jewish Temple in 70 CE, there were large-scale destabilizations of the Jewish population in Palestine. Information regarding economic decisions has always been available indirectly from Jewish and Roman legalistic material, though it has been insufficiently mined for economic insights. Furthermore, over the last forty years, new documentary material has become available from the second century. This note discusses some interesting aspects of how people managed to transfer resources over time in these turbulent times. Specifically, I look at two cases of asset transfer where the primary purpose was to transfer wealth over time. I explore the role of market frictions in both cases and make comparisons to present-day circumstances.

Suggested Citation

  • P.V. Viswanath, 2008. "Explorations in the economics of intertemporal asset transfer in Roman Palestine," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2008-017, Indira Gandhi Institute of Development Research, Mumbai, India.
  • Handle: RePEc:ind:igiwpp:2008-017
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    File URL: http://www.igidr.ac.in/pdf/publication/WP-2008-017.pdf
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    References listed on IDEAS

    as
    1. Stiglitz, Joseph E, 1989. "Markets, Market Failures, and Development," American Economic Review, American Economic Association, pages 197-203.
    2. Viswanath, P. V., 2000. "Risk sharing, diversification and moral hazard in Roman Palestine evidence from agricultural contract law," International Review of Law and Economics, Elsevier, vol. 20(3), pages 353-369, September.
    3. Shefrin, Hersh M. & Statman, Meir, 1984. "Explaining investor preference for cash dividends," Journal of Financial Economics, Elsevier, vol. 13(2), pages 253-282, June.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Intertemporal asset transfer; market frictions; intergenerational transfer; law; religion and economics;

    JEL classification:

    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • N35 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy - - - Asia including Middle East
    • N55 - Economic History - - Agriculture, Natural Resources, Environment and Extractive Industries - - - Asia including Middle East
    • K36 - Law and Economics - - Other Substantive Areas of Law - - - Family and Personal Law

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