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

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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