Cambridge University Press 978-1-108-41860-7 — Economic Theory and the Roman Monetary Economy Colin P. Elliott Index More Information

Index

aediles. See officials teleology of, , , , ,  agoranomoi. See officials value-judgments of,  anachronism, , , , , , ,  cash, , ,  Antonine plague, , ,  distributions of, – antoninianus. See coinage, antoninianus shortage of,  Aristotle,  Cassius Dio, , ,  Athens, ,  chartalism, –, –, , ,  Augustus, , , – Chicago School economics. See economics, monetary system of,  monetarist Res Gestae, , ,  choice. See purposeful rationality usury regulations of,  Classics, ,  cliometrics. See economics, cliometrics monetary reform of, , , , coinage – antoninianus,  aureus. See coinage, gold debasement, , –, –, ,  Austrian economics. See economics, Austrian debasement and coin value, – debasement and metallism,  banks, , –, , ,  debasement in ancient Syracuse,  barter, , ,  debasement in the third century AD, , bounded rationality, , , , ,  – and Gresham’s law,  , , ,  and price formation,  gold, , , , –, – and purposefulness,  Greek, –,  and the Roman land market,  hoards, , –, –, , – and value,  hoards due to debasements, , ,  definition of, – hoards of Lydian coins,  bronze, –,  hoards, categorization of,  coinage, , ,  iconography, , , – bullion, , , , ,  mintmarks,  as a store of value,  premiums, , –, ,  as jewelry,  quality. See money, quality electrum,  silver, , –, –, , – from mines,  Collingwood, Robin George, , , , , ratios,  ,  and methodological individualism,  Cambridge equation. See money, demand and purposefulness, ,  Cantillon effects. See money, neutrality commodities, –, –, ,  capitalism, , , , , ,  and culture,  and central banking, ,  as money, , , , , , mode of production,  – politically oriented,  contracts, –, , , , 



© in this web service Cambridge University Press www.cambridge.org Cambridge University Press 978-1-108-41860-7 — Economic Theory and the Roman Monetary Economy Colin P. Elliott Index More Information

Index 

counterfactuals, –, , , ,  equilibrium, , , , , , ,  and choice,  euergetism, ,  as comparative history, , – credit, –,  Finley, Moses, , , , ,  and elite Roman attitudes, – and the ‘total state’,  and interest rates,  on money,  and the land market, –, , – on the limits of choice,  embeddedness of, , –,  the legacy of, ,  expansion of,  Fisher equation. See quantity theory of money state guarantees of,  free markets. See capitalism unreliability of,  free minting,  Friedman, Milton, –, , –, ,  Dacia,  hoard,  debasement. See coinage, debasement debt, , ,  ghost currency. See money, accounting unit deductivism, –,  gifts, , ,  criticism of, –,  exchange of, , ,  of economic theory, , ,  monetary, – synthetic a priori,  gold. See bullion demonetization, ,  grain, , –, , ,  denarius. See coinage, denarius Gresham’s law, –, , –,  denarius communis, – assumptions of,  Dio, Cassius,  effects of,  logic of,  economic growth, –, , , , – economic rationality, , , , ,  historicism, , ,  and neo-liberalism,  homo economicus. See economic rationality, homo compared to bounded rationality,  economicus compared to purposefulness,  household economy, , ,  homo economicus, ,  in Roman Egypt, – ideal types, –, –, , ,  of Tiberius,  and Gresham’s law,  economics and mentality, ,  Austrian, –, –, , , , – and purposefulness, , ,  cliometrics, , , , , –, , , and stages of production,  –, ,  economic theory as,  Keynesian, , ,  heuristic use of, , –,  monetarist, , , , ,  peasant mode of production,  neoclassical, –, –, , , , , –, inductivism, , –, ,  –, , ,  inflation, , –, –, –,  new institutional, –, , , , , ,  infrastructure, , , ,  economics imperialism, , , –, ,  Egypt, , –, , ,  jewelry, , , – closed currency system of,  estate management in,  Keynesian economics. See economics, Keynesian inflation in,  predation in,  land, , , , – wages in,  law embedding contexts, , , , ,  commercial,  and incentives,  economic, , ,  and monetary value, , ,  legal tender. See legal tender and rationality,  monetary, – as bounding economic theory, , –,  of exchange,  definition of, – of Julius Caesar, ,  empiricism, , –,  rule of, 

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 Index

legal tender, –, –,  limits of,  loans. See credit quantification of,  size of,  markets moneylending. See credit black,  monopoly, ,  integration of, , , , , ,  abuses of,  local,  on money, , ,  supervision of, – on money production,  Marx, Karl, , –, , ,  motivated reasoning,  Marxism, , ,  Menger, Carl, –, ,  Nero, , , , , ,  metallism, , , , , – distributions to favorites,  mentality of, –, , – monetary reform of, , , ,  naïve, ,  new economic history. See economics, methodological dualism, , –, –, , cliometrics  methodological individualism, , , , , Octavian. See Augustus  officials, , –,  methodological monism, –, ,  abuses of, –, See predation military, , , ,  and economic regulation,  payments, , , ,  veterans, , – patrimony, , – mining, ,  patronage, , –, , ,  Mises, Ludwig von, , , ,  perfect rationality. See economic rationality on Gresham’s law,  Polanyi, Karl, –, , , , ,  on ideal types,  Popper, Karl, –,  on methodological individualism,  post-Keynesianism. See economics, Keynesian on rationality, – postmodernism, , , ,  modern monetary theory. See chartalism predation, , ,  modernism, , , ,  prices, , , , –,  and metallism,  of land,  and new institutional economics, –, – real, ,  and rationality,  regulation of,  rhetoric of, – stability of,  monetary policy, , , , ,  primitivism, , , , , , , –,  monetization, –, , –,  and economic complexity,  and monetary distribution,  and new institutional economics,  embeddedness of,  decline of,  in Egypt,  pessimism of,  money production,  accounting unit, –, , , , , mass,  – modes of,  demand, , , –,  of coinage, , – exchange rates, , –, , , – of grain,  general-purpose, ,  of land,  neutrality, –, ,  stages of,  quality, , –, , , ,  structure of, –,  special-purpose, ,  propaganda, , ,  value,  property, , ,  money supply, , –, –, ,  confiscation of,  and monetarism,  confiscations of,  changes in, –, ,  purchases of,  control of,  purposeful rationality,  heterogeneity of, ,  and money neutrality,  homogeneity of,  as a priori, , 

© in this web service Cambridge University Press www.cambridge.org Cambridge University Press 978-1-108-41860-7 — Economic Theory and the Roman Monetary Economy Colin P. Elliott Index More Information

Index 

compared to economic rationality,  status, , , –,  definition of, – display of, ,  of Tiberius,  substantivism, –, –,  purposefulness. See purposeful rationality naïve,  Sulpicii,  quantity theory of money, , –, ,  , , , –,  criticism of, , ,  taxation, ,  logic of,  and monetary value, , –, ,  as a transaction cost,  rational choice. See economic rationality as stimulation for trade,  rationality, – Tiberius, ,  real estate. See land credit crisis under, , , –, ,  reciprocity, , , , , ,  trade, , ,  redistribution, , –,  and taxes,  after Actium, , – in luxury goods,  and monetization,  intensification of,  and money neutrality,  long-distance,  and social capital,  of precious metals,  dominance of,  scale of,  of coinage, ,  stigmas against,  political,  transaction costs, , , , ,  to imperial favorites,  and Gresham’s law, –,  to legitimize rule, ,  and money,  religion definition of, – and coin hoarding,  quantitfication of,  and money,  state reduction of,  in Egypt,  tribute. See taxation rationality of, ,  Res Gestae. See Augustus, Res Gestae understanding, , , , – risk, , ,  and counterfactuals,  and methodological dualism, – sacrifice, , , ,  and methodological individualism,  scarcity, , ,  and new institutional economics,  Scheidel, Walter, ,  and purposefulness, ,  against chartalism,  as an aim of economic theory, , , – on economic theory, , ,  on predation,  value silver. See bullion exchange-value, , , ,  social capital, , , ,  use-value, , , ,  soldiers. See military Verstehen. See understanding state, the, , –, ,  and bullion values,  Weber, Max, , , , , –, –,  and coin production,  on economic theory,  and debasement, – on Gresham’s law,  and Gresham’s law, –, – on methodological individualism,  and monetary redistribution,  on money, ,  and monetary value, ,  on politically-oriented capitalism,  and money production, , – on rationality,  and new institutional economics, – wheat. See grain dominance of,  statistics, , , , , ,  Zweckrationalität. See purposeful rationality

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