In this volume, Philip Kay examines economic change in Rome and Italy between the Second Punic War and the middle of the first century BC. He argues that increased inflows of bullion, in particular silver, combined with an expansion of the availability of credit to produce significant growth in monetary liquidity. This, in turn, stimulated market developments, such as investment farming, trade, construction, and manufacturing, and radically changed the composition
and scale of the Roman economy.
Using a wide range of evidence and scholarly investigation, Kay demonstrates how Rome, in the second and first centuries BC, became a coherent economic entity experiencing real per capita economic growth. Without an understanding of this economic revolution, the contemporaneous political and cultural changes in Roman society cannot be fully comprehended or explained.
- ISBN10 0198788541
- ISBN13 9780198788546
- Publish Date 13 October 2016 (first published 23 January 2014)
- Publish Status Active
- Publish Country GB
- Imprint Oxford University Press
- Format Paperback
- Pages 400
- Language English