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©2012 Gilles Bransbourg
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ISAW Papers 3 (Forthcoming)
Rome and the Economic Integration of EmpireGilles Bransbourg *Abstract: The modern economist Peter Temin has recently used econometrics to argue that the Roman grain market was an integrated and efficient market. This paper gathers additional data and applies further methods of modern economic analysis to reach a different conclusion. It shows that the overall Roman economy was not fully integrated, although the Mediterranean Sea did create some meaningful integration along a few privileged trade routes. Still, it is not possible to identify pure market forces that existed in isolation, since the political structures that maintained the Empire strongly influenced the movement of money and trade goods.Subjects: Economic history--To 500.