Money and prices in the Early Roman Empire
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Author
Contributions
- Temin, Peter - Contributor
- Massachusetts Institute of Technology. Dept. of Economics - Contributor
Publication
2005 - Massachusetts Institute of Technology, Dept. of Economics, Cambridge, MA, Massachusetts
Language
English
Word Count
8,000 words, Guess
Page Count
32 pages
Identifiers
- Internet Archivemoneypricesinear00kess
- OCLC Control Number60554886
- Open LibraryOL24643446M
Description
We examine monetization in the early Roman Empire by considering money as a unit of account. Widespread use of prices indicates widespread monetization. A consistent set of prices for wheat indicates that this monetization encouraged trade to grow across the Mediterranean. This argument is documented with a statistical test, preceded by a non-technical introduction and followed by consideration of a range of possible objections. Keywords: money, monetization, international trade, regression analysis, early Roman Empire. JEL Classifications: N13, F14, C10.
Subjects
Series Statement
- Working paper series / Massachusetts Institute of Technology, Dept. of Economics -- working paper 05-11
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