Price and wage data from Roman Egypt in the first three centuries CE indicate levels of real income for unskilled workers that are comparable to those implied by price and wage data in Diocletian's price edict of 301 CE and to those documented in different parts of Europe and Asia in the...

This paper studies the causes and consequences of political centralization and fragmentation in China and Europe. We argue that the severe and unidirectional threat of external invasion fostered political centralization in China while Europe faced a wider variety of smaller external threats and...

Can the market provide law enforcement? This paper addresses this question by examining an historical case-study: the system of private prosecutions that prevailed in England prior to the introduction of the police. Using a model of the market for crime, I examine why this system came under...