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Full Description
Investment in capital, both physical and financial, and innovation in its uses are often considered the linchpin of modern economic growth, while credit and credit markets now seem to determine the wealth - as well as the fate - of nations. Yet was it always thus? The Roman economy was large, complex, and sophisticated, but in terms of its structural properties did it look anything like the economies we know and are familiar with today?
Through consideration of the allocation and uses of capital and credit and the role of innovation in the Roman world, the individual essays comprising this volume go straight to the heart of the matter, exploring such questions as how capital in its various forms was generated, allocated, and employed in the Roman economy; whether the Romans had markets for capital goods and credit; and whether investment in capital led to innovation and productivity growth. Their authors consider multiple aspects of capital use in agriculture, water management, trade, and urban production, and of credit provision, finance, and human capital, covering different periods of Roman history and ranging geographically across Italy and elsewhere in the Roman world. Utilizing many different types of written and archaeological evidence, and employing a range of modern theoretical perspectives and methodologies, the contributors, an expert international team of historians and archaeologists, have produced the first book-length contribution to focus exclusively on (physical and financial) capital in the Roman world; a volume that is aimed not only at specialists in the field, but also at economic historians and archaeologists specializing in other periods and places.
Contents
Frontmatter
List of Figures
List of Tables
List of Abbreviations
List of Contributors
1: Paul Erdkamp, Koenraad Verboven, and Arjan Zuiderhoek: Introduction
I. Investment and Innovation
2: Paul Erdkamp: Population, Technology, and Economic Growth in the Roman World
3: Cristiano Viglietti: Innovations and Uses of Wealth in Archaic Rome and Latium (Late Eighth to Early Fourth Century BC)
4: Wim Broekaert and Arjan Zuiderhoek: Capital Goods in the Roman Economy
5: Andrew Wilson: Roman Water-Power: Chronological Trends and Geographical Spread
6: Nicolas Monteix: The Archaeological Perception of Capital and its Transformations in Urban Occupations
II. Capital and Investment in the Rural Economy
7: Marguerite Ronin: Funding Irrigation: Between Individual and Collective Investments
8: Mick Stringer: Impensae, operae, and the pastio uillatica: The Evaluation of New Venture Investments in the Roman Agricultural Treatises
9: Annalisa Marzano: A Story of Land and Water: Control, Capital, and Investment in Large-Scale Fishing and Fish-Salting Operations
10: Tamara Lewit: Invention, Tinkering, or Transfer? Innovation in Oil and Wine Presses in the Roman Empire
III. Human Capital, Financial Capital, and Credit Markets
11: Norman Underwood: Labouring for God: The Clergy and Human Capital in the Later Roman Empire
12: Koenraad Verboven: Capital Markets and Financial Entrepreneurs in the Roman World
13: Jean Andreau: Capital and Investment in the Campanian Tablets
14: Merav Haklai: Credit and Financial Capital in Roman Egypt
15: Leonardo Gregoratti: Temples and Traders in Palmyra
Endmatter
Index
