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Roman Law and EconomicsInstitutions and Organizations Volume I$
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Giuseppe Dari-Mattiacci and Dennis P. Kehoe

Print publication date: 2020

Print ISBN-13: 9780198787204

Published to Oxford Scholarship Online: July 2020

DOI: 10.1093/oso/9780198787204.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 20 January 2022

Setting the Rules of the Game

Setting the Rules of the Game

The Market and Its Working in the Roman Empire

Chapter:
(p.111) 5 Setting the Rules of the Game
Source:
Roman Law and Economics
Author(s):

Elio Lo Cascio

Publisher:
Oxford University Press
DOI:10.1093/oso/9780198787204.003.0005

This chapter analyses the mainly juridical evidence (from the Digest and the late antique Codes, as well as Cassiodorus’ Variae) on the working of the market in the Roman Empire and the role played by the imperial authority in regulating it, in the light of the conceptualizations of the new institutional economics. This evidence seems to suggest undeniably not only that the economy of the Roman Empire, from its very beginning in the late Republic to late antiquity, was characterized by the free market, but also that maintaining competitive markets was the consistent and deliberate policy of the Roman authority throughout the whole of Roman history.

Keywords:   economic analysis of Roman law, economics of Roman law, Roman law, Roman history, Roman markets, new institutional economics, Roman economy, Roman economic policy

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