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Ancient Rome was perhaps the most significant ancient civilization to have existed throughout history, the empire lived for over 1000 years and in that time, it gave us the foundations for our modern society. Democracy, a court-based legal system, Latin languages and alphabet, three-course meals, and perhaps it was one of the first modern economies to move beyond a simple agrarian empire and develop things like modern banking, lending, taxation and yes even financial crisis as we know them today.

In the same way that scholars study a dead language like Latin to discerned the foundation of meaning in our modern dialects economists can study the histories of ancient civilizations like Rome to determine basic economic functions in a time before modern financial systems could skew results and Rome was perhaps the most developed case study we could look at.

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📚 Want to learn more about the economics of ancient Rome? We recommend reading "Roman Coins and Their Values, Vol. 1: The Republic and the Twelve Caesars 280 BC-AD 96", by David Sear
👉 https://amzn.to/3h6iL1B (as an Amazon Associate, we earn from qualifying purchases)

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#Rome #Economics #Recession

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Sources & Citations -

Morley, N., 2002. Metropolis and hinterland: the city of Rome and the Italian economy, 200 BC-AD 200. Cambridge University Press.

Temin, P., 2006. The economy of the early Roman Empire. Journal of Economic Perspectives

Temin, P., 2017. The Roman market economy. Princeton University Press.

Garnsey, P., Hopkins, K. and Whittaker, C.R. eds., 1983. Trade in the ancient economy

Brown, P., 2012. Through the Eye of a Needle: Wealth, the Fall of Rome, and the Making of Christianity in the West, 350-550 AD. Princeton University Press.

Braund, D.C., 1983. Gabinius, Caesar, and the publicani of Judaea. Klio

Articles -

http://penelope.uchicago.edu/Thayer/E...

https://www.rug.nl/ggdc/historicaldev...

https://www.pwc.com.au/publications/a...

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