Money and prices in the Early Roman Empire
By: [by] David Kessler [and] Peter Temin
Contributors: Temin, Peter; Massachusetts Institute of Technology. Dept. of Economics
Series: Working paper series / Massachusetts Institute of Technology, Dept. of Economics -- working paper 05-11
Publisher: Massachusetts Institute of Technology, Dept. of Economics
Published: 2005
Place of publication: Cambridge, MA
Language: eng
Number of pages: 32
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.
Notes: "April 14, 2005."

Includes bibliographical references (p. 30-32).

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