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A Market Economy in the Early Roman Empire

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  • Peter Temin

Abstract

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.

Suggested Citation

  • Peter Temin, 2001. "A Market Economy in the Early Roman Empire," Oxford Economic and Social History Working Papers _039, University of Oxford, Department of Economics.
    • Handle: RePEc:oxf:esohwp:_039
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    File URL: https://www.nuff.ox.ac.uk/economics/history/
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