12
votes
2answers
2k views

Gap between poor and rich in the Roman Empire

Was the difference in purchasing power between the poor and the wealthy in the Roman Empire, greater than or less than than the difference between rich and poor people in modern western economies? ...
3
votes
2answers
54 views

Why did overestimated coins led to inflation and well-estimated coins to deflation?

It is said in Debt, the first 5,000 years by David Graeber (chapter 4, note 2) that when the value of metal coins represented exactly their weight, the result was deflation. The author says that when ...
5
votes
2answers
617 views

How rich were carpenters in the Roman province of Iudaea in the 1st century AD?

According to the Biblical account, Jesus was the son of a carpenter, Joseph of Nazareth (Matthew 13,55). Apparently carpenters were not among the wealthy. Be that as it may, how rich could a ...
8
votes
0answers
212 views

How much of an impact did the Roman emperors' civil wars have on their decision to debase the coinage?

From Adrian Goldsworthy's How Rome Fell: "Civil war remained a common event, ...the economy collapsed, as successive emperors massively devalued the coinage to pay for their wars." Other sources say ...
21
votes
2answers
1k views

Where did the Romans store their cash?

In the era before banking was invented, where did wealthy Romans store their cash? The emperor probably could store it somewhere in the imperial palace thanks to the Praetorian guard, but what about ...
14
votes
4answers
846 views

Was the Roman Empire based on a 'plunder economy'?

It has been stated by Arnold J. Toynbee and James Burke that: The economy of the Empire was a Raubwirtschaft or plunder economy based on looting existing resources rather than producing anything ...