In this volume, papers by leading Roman historians and archaeologists discuss trade within the Roman Empire and beyond its frontiers between c.100 BC and AD 350, and the role of the state in shaping the institutional framework for trade. Documentary, historical and archaeological evidence forms the basis of a novel interdisciplinary approach

What modern economics can tell us about ancient Rome The quality of life for ordinary Roman citizens at the height of the Roman Empire probably was better than that of any other large group of people living before the Industrial Revolution. The Roman Market Economy uses the tools of modern economics to show how trade, markets, and the Pax Romana were critical to ancient Rome's prosperity. Peter Temin, one of the world's foremost economic historians, argues that markets dominated the Roman economy. He traces how the Pax Romana encouraged trade around the Mediterranean, and how Roman law promoted commerce and banking. Temin shows that a reasonably vibrant market for wheat extended throughout the empire, and suggests that the Antonine Plague may have been responsible for turning the stable prices of the early empire into the persistent inflation of the late. He vividly describes how various markets operated in Roman times, from commodities and slaves to the buying and selling of land. Applying modern methods for evaluating economic growth to data culled from historical sources, Temin argues that Roman Italy in the second century was as prosperous as the Dutch Republic in its golden age of the seventeenth century. The Roman Market Economy reveals how economics can help us understand how the Roman Empire could have ruled seventy million people and endured for centuries.

This volume, featuring sixteen contributions from leading Roman historians and archaeologists, sheds new light on approaches to the economic history of urban craftsmen and traders in the Roman world, with a particular emphasis on the imperial period. Combining a wide range of research traditions from all over Europe and utilizing evidence from Italy, the western provinces, and the Greek-speaking east, this edited collection is divided into four sections. It first considers the scholarly history of Roman crafts and trade in the nineteenth and twentieth centuries, focusing on Germany and the Anglo-Saxon world, and on Italy and France. Chapters discuss how scholarly thinking about Roman craftsmen and traders was influenced by historical and intellectual developments in the modern world, and how different (national) research traditions followed different trajectories throughout the nineteenth and twentieth centuries. The second section highlights the economic strategies of craftsmen and traders, examining strategies of long-distance traders and the phenomenon of specialization, and presenting case studies of leather-working and bread-baking. In the third section, the human factor in urban crafts and trade-including the role of apprenticeship, gender, freedmen, and professional associations-is analysed, and the volume ends by exploring the position of crafts in urban space, considering the evidence for artisanal clustering in the archaeological and papyrological record, and providing case studies of the development of commercial landscapes at Aquincum on the Danube and at Sagalassos in Pisidia.

Ancient Roman trade was severely hampered by slow transportation and by the absence of a state that helped traders enforce their contracts. In Trading Communities in the Roman World: A Micro-Economic and Institutional Perspective Taco Terpstra offers a new explanation of how traders in the Roman Empire overcame these difficulties. Previous theories have focused heavily on dependent labor, arguing that transactions overseas were conducted through slaves and freedmen. Taco Terpstra shows that this approach is unsatisfactory. Employing economic theory, he convincingly argues that the key to understanding long-distance trade in the Roman Empire is not patron-client or master-slave relationships, but the social bonds between ethnic groups of foreign traders living overseas and the local communities they joined.

André Tchernia is one of the leading experts on amphorae as a source of economic history, a pioneer of maritime archaeology, and author of a wealth of articles on Roman trade, notably the wine trade. This book brings together the author's previously published essays, updated and revised, with recent notes and prefaced with an entirely new synthesis of his views on Roman commerce with a particular emphasis on the people involved in it. The book is divided into two main parts. The first is a general study of the structure of Roman trade: Landowners and traders, traders' fortunes, the matter of the market, the role of the state, and dispatching what is required. It tackles the recent debates on Roman trade and Roman economy, providing, original and convincing answers. The second part of the book is a selection of 14 of the author's published papers. They range from discussions of general topics such as the ideas of crisis and competition, the approvisioning of Ancient Rome, trade with the East, to more specialized studies, such as the interpretation of the 33 AD crisis. Overall, the book contains a wealth of insights into the workings of ancient trade and expertly combines discussion of the material evidence-especially of amphorae and wrecks-with the prosopographical approach derived from epigraphic, papyrological and historical data.