Price Behavior in the Roman Empire
Bibliographic Data
| ID | 23489484 |
|---|---|
| Authors | Peter Temin (0000-0001-8132-563X, corresponding author) |
| Year | 2012 |
| Publication date | 2012-12-16 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | CHAPTER |
| Venue | The Roman market economy (SOURCE_BOOK) |
| Publisher | Princeton University Press (PUBLISHER • US) |
| DOI | 10.23943/princeton/9780691147680.003.0004 |
| OpenAlex | W4229502297 |
| ISBN | 9780691147680 |
| Language | EN |
| Citations received | 1 |
This chapter takes the scattered price data that have survived in order to make an index of Roman inflation. The index cannot describe the details of inflation, but it allows comparison between periods of time. The chapter suggests that the persistent inflation of the late Roman Empire came from political instability at the top of the hierarchy. It also raises an important problem in going from correlation to causation—the identification problem. As a result, economists propose an identification strategy to suggest how Roman inflation got its start in the late second century. The chapter also shows how, despite a great scarcity of price data for the Roman Empire, ancient historians appear to have conventional opinions about Roman price movements.
Ancient history · Causation · Econometrics · Economics · Empire · Hierarchy · Identification (biology) · Index (typography) · Inflation (cosmology) · Market economy · Order (exchange) · Political science · Politics · Price index · Roman Empire · Scarcity · Classical Antiquity Studies · Classics · Computer Science · Finance · History · Law
| Unique citing works | 1 |
|---|---|
| Citations per year | 0,06 |
| Citation span | 2010 - 2010 (1) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 1 |