This collection presents new analyses for the nature and scale of Roman agriculture. It outlines the fundamental features of agricultural production through studying the documentary and archaeological evidence for the modes of land exploitation and the organisation, development of, and investment in this sector.

Often viewed as self-sufficient, Roman farmers actually depended on markets to supply them with a wide range of goods and services, from metal tools to medical expertise. However, the nature, extent, and implications of their market interactions remain unclear. This monograph uses literary and archaeological evidence to examine how farmers – from smallholders to the owners of large estates – bought and sold, lent and borrowed, and cooperated as well as competed in the Roman economy. A clearer picture of the relationship between farmers and markets allows us to gauge their collective impact on, and exposure to, macroeconomic phenomena such as monetization and changes in the level and nature of demand for goods and labor. After considering the demographic and environmental context of Italian agriculture, the author explores three interrelated questions: what goods and services did farmers purchase; how did farmers acquire the money with which to make those purchases; and what factors drove farmers’ economic decisions? This book provides a portrait of the economic world of the Roman farmer in late Republican and early Imperial Italy.

A bold application of economic theory to help provide an understanding of the role that law played in the development of the Roman economy

The first volume in a new series, Oxford Studies on the Roman Economy: a collection of essays, edited by the series editors, focusing on the economic performance of the Roman empire, and suggesting how we can derive a quantified account of economic growth and contraction in the period of the empire's greatest extent and prosperity.

Roman monetary history has tended to focus on the study of Roman coinage but other assets regularly functioned as, or in place of, money. This book places coinage in its broader monetary context by also examining the role of bullion, financial instruments, and commodities such as grain and wine in making payments, facilitating exchange, measuring value and storing wealth. The use of such assets reduced the demand for coinage in some sectors of the economy and is a crucial factor in determining the impact of the large increase in the coin supply during the last century of the Republic. Money demand theory suggests that increased coin production led to further monetization, not per capita economic growth.

Marzano explores the exploitation of marine resources in the Roman world and its role within the economy. Bringing together literary, epigraphic, archaeological, and legal sources, she shows that these marine resources were an important feature of the Roman economy and paralleled phenomena taking place in the Roman agricultural economy on land.

Thanks to its exceptional size and duration, the Roman Empire offers one of the best opportunities to study economic development in the context of an agrarian world empire. This volume, which is organised thematically, provides a sophisticated introduction to and assessment of all aspects of its economic life.

Explanation of the success and failure of the Roman economy is one of the most important problems in economic history. As an economic system capable of sustaining high production and consumption levels, it was unparalleled until the early modern period. This volume focuses on how the institutional structure of the Roman Empire affected economic performance both positively and negatively. An international range of contributors offers a variety of approaches that together enhance our understanding of how different ownership rights and various modes of organization and exploitation facilitated or prevented the use of land and natural resources in the production process. Relying on a large array of resources - literary, legal, epigraphic, papyrological, numismatic, and archaeological - chapters address key questions regarding the foundations of the Roman Empire's economic system. Questions of growth, concentration and legal status of property (private, public, or imperial), the role of the state, content and limitations of rights of ownership, water rights and management, exploitation of indigenous populations, and many more receive new and original analyses that make this book a significant step forward to understanding what made the economic achievements of the Roman empire possible.

This book presents a challenge to the long held view that the predominantly agricultural economies of ancient Greece and Rome were underdeveloped. It shows that the exploitation of natural resources, manufacturing and the building trade all made significant contributions to classical economies. It will be an indispensable resource for those interested in the period.

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.