Different ways of estimating the Gross Domestic Product of the Roman Empire in the second century CE produce convergent results that point to total output and consumption equivalent to 50 million tons of wheat or close to 20 billion sesterces per year. It is estimated that elites (around 1.5 per...

This paper analyzes the dynamics of income and wealth inequality in two of the largest ancient empires, Han China and Rome. Pervasive structural similarities emerge from this comparative survey. In both cases, resource concentration at the top of society was greatly amplified by rent-seeking and...

This paper presents and discusses evidence of real incomes in the Roman period. It shows that real wages rose in response to demographic contractions. There is no evidence that would support the assumption that Roman economic growth raised real wages for workers. However, absence of evidence is...

This paper discusses the location of slavery in the Roman economy. It deals with the size and distribution of the slave population and the economics of slave labor and offers a chronological sketch of the development of Roman slavery

The Ancient Economy introduces readers to the nature of economic life in the ancient world, and provides a valuable guide to scholarly debates on the subject. The book describes and examines the economic processes and fluctuations of the ancient world, and shows how these relate to political and...

This paper introduces current approaches to the study of the Roman economy. It discusses ways of measuring Roman economic performance, the uses of historical comparison, and competing models of economic behavior, and stresses the importance of ecological factors. It concludes with an appendix...

Introducing students to current controversies over the nature of the ancient economy, this volume brings together twelve influential studies by leading experts in the field. In 1973, Moses Finley unveiled a comprehensive model of the economic underpinnings of classical civilisation. Since then,...