Rome's Economic Revolution

Philip Kay (Supernumerary Fellow, Wolfson College, Oxford)

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English

Oxford University Press
27 October 2016

History; Ancient history: to c 500 CE; Classical history & classical civilisation; Classical Greek & Roman archaeology; Economic history

Series: Oxford Studies on the Roman Economy

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.

By: Philip Kay (Supernumerary Fellow Wolfson College Oxford)
Imprint: Oxford University Press
Country of Publication: United Kingdom
Dimensions: Height: 232mm, Width: 157mm, Spine: 22mm
Weight: 594g
ISBN: 9780198788546
ISBN 10: 0198788541
Series: Oxford Studies on the Roman Economy
Pages: 400
Publication Date: 27 October 2016
Audience: College/higher education , Further / Higher Education , Further / Higher Education
Format: Hardback
Publisher's Status: Active

Acknowledgements List of Figures List of Tables Abbreviations Introduction 1: Rome and its Economy at the Time of the Second Punic War PART I: SOURCES OF REVENUE 2: Indemnities and Booty 3: Mining revenues 4: State Finance and the lex Sempronia de provincia Asia PART II: THE ROMAN MONEY SUPPLY 5: Cashing in the Plunder 6: Credit and Financial Intermediation PART III: THE APPLICATION OF FUNDS 7: Investment Farming and Agricultural Exploitation 8: Trade, Capital, and Interconnected Markets 9: The Creation of 'Material Complexity' 10: After the Credit Crunch PART IV: QUANTIFICATION 11: Forecasting the Past Summary and Conclusions Bibliography Index of Sources General Index

Dr Philip Kay is a Supernumerary Fellow of Wolfson College, Oxford.

Reviews for Rome's Economic Revolution

'It will create a great deal of further interest and even more argument.' * Peter Jones, Classics for All * '[Kay] presents an overall analysis of great power and often gives the best available account of important elements in the story . . . He is the first scholar to have asked whether inflation . . . negated the apparent economic growth of the second century.' * W.V. Harris, Times Literary Supplement *