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A Market Economy in the Early Roman Empire

  • Peter Temin

    (MIT (Visiting Nuffield College, Oxford))

Registered author(s):

    I argue that the economy of the early Roman Empire was primarily a market economy. The parts of this economy located far from each other were not tied together as tightly as markets often are today, but they still functioned as part of a comprehensive Mediterranean market. This conclusion is important because it brings the description of the Roman economy as a whole into accord with the fragmentary evidence we have about individual market transactions. In addition, this synthetic view provides a platform on which to investigate further questions about the origins and eventual demise of the Roman economy and about conditions for the formation and preservation of markets in general.

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    File URL: http://www.economics.ox.ac.uk/materials/papers/2275/39temin.PDF
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    Paper provided by Economics Group, Nuffield College, University of Oxford in its series Oxford University Economic and Social History Series with number _039.

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    Length: 40 pages
    Date of creation: 01 Mar 2001
    Date of revision:
    Handle: RePEc:nuf:esohwp:_039
    Contact details of provider: Web page: http://www.nuff.ox.ac.uk/economics/

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