Trading communities in the Roman world : a micro-economic and institutional perspective /

Ancient Roman trade was severely hampered by slow transportation and by the absence of a state that helped traders enforce their contracts. In Trading Communities in the Roman World: A Micro-Economic and Institutional Perspective Taco Terpstra offers a new explanation of how traders in the Roman Emp...

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Main Author: Terpstra, Taco T.

Format: eBook

Language: English

Published: Boston : Brill, 2013.

Series: Columbia Studies in the Classical Tradition 37.
Classical Studies E-Books Online, Collection 2013, ISBN: 9789004248663.

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Call Number: HF377 .T47 2013

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Summary:Ancient Roman trade was severely hampered by slow transportation and by the absence of a state that helped traders enforce their contracts. In Trading Communities in the Roman World: A Micro-Economic and Institutional Perspective Taco Terpstra offers a new explanation of how traders in the Roman Empire overcame these difficulties. Previous theories have focused heavily on dependent labor, arguing that transactions overseas were conducted through slaves and freedmen. Taco Terpstra shows that this approach is unsatisfactory. Employing economic theory, he convincingly argues that the key to understanding long-distance trade in the Roman Empire is not patron-client or master-slave relationships, but the social bonds between ethnic groups of foreign traders living overseas and the local communities they joined.
Physical Description:1 online resource (xiii, c, 244 pages)
Bibliography:Includes bibliographical references and index.
ISBN:9789004245136
ISSN:0166-1302 ;
Access:Available to subscribing member institutions only.