Debt deflationary crisis in the late Roman Republic

Collins, Andrew and Walsh, John (2015) Debt deflationary crisis in the late Roman Republic. Ancient Society, 45 125-170. doi:10.2143/AS.45.0.3110545


Author Collins, Andrew
Walsh, John
Title Debt deflationary crisis in the late Roman Republic
Journal name Ancient Society
ISSN 0066-1619
1783-1334
Publication date 2015
Sub-type Article (original research)
DOI 10.2143/AS.45.0.3110545
Open Access Status Not Open Access
Volume 45
Start page 125
End page 170
Total pages 46
Place of publication Leuven, Belgium
Publisher Peeters Publishers
Collection year 2016
Language eng
Abstract Economic crises in the late Roman Republic and the associated problem of private debt are well known to scholars. But research has neglected a fundamentally important theory in modern economics that elucidates these issues: the theory of 'debt deflation'. This paper uses the debt deflation theory to examine the major credit and debt crises of the late Republic. We provide a summary of the modern theory of debt deflation and its relevance to the Roman economy in the 1st century BC, and then reanalyse the crises of 89-86 and 49-45 BC. It is concluded that these were 'debt deflationary' phenomena and that the modern theory sheds new light on this aspect of the late Republican economy.
Q-Index Code C1
Q-Index Status Provisional Code
Institutional Status UQ

Document type: Journal Article
Sub-type: Article (original research)
Collections: Official 2016 Collection
School of Historical and Philosophical Inquiry
 
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Created: Mon, 01 Feb 2016, 11:47:46 EST by Lucy O'Brien on behalf of School of Historical and Philosophical Inquiry