Trade in the Ancient Mediterranean - (Princeton Economic History of the Western World) by Taco Terpstra (Hardcover)

About the Book

From around 700 BCE until the first centuries CE, the Mediterranean enjoyed steady economic growth through trade, reaching a level not to be regained until the early modern era. This process of growth coincided with a process of state formation, culminating in the largest state the ancient Mediterranean would ever know, the Roman Empire. Subsequent economic decline coincided with state disintegration. How are the two processes related? In Trade in the Ancient Mediterranean, Taco Terpstra investigates how the organizational structure of trade benefited from state institutions. Although enforcement typically depended on private actors, traders could utilize a public infrastructure, which included not only courts and legal frameworks but also socially cohesive ideologies. Terpstra details how business practices emerged that were based on private order, yet took advantage of public institutions. Focusing on the activity of both private and public economic actors--from Greek city councilors and Ptolemaic officials to long-distance traders and Roman magistrates and financiers--Terpstra illuminates the complex relationship between economic development and state structures in the ancient Mediterranean.

Book Synopsis

How ancient Mediterranean trade thrived through state institutions

From around 700 BCE until the first centuries CE, the Mediterranean enjoyed steady economic growth through trade, reaching a level not to be regained until the early modern era. This process of growth coincided with a process of state formation, culminating in the largest state the ancient Mediterranean would ever know, the Roman Empire. Subsequent economic decline coincided with state disintegration. How are the two processes related?

In Trade in the Ancient Mediterranean, Taco Terpstra investigates how the organizational structure of trade benefited from state institutions. Although enforcement typically depended on private actors, traders could utilize a public infrastructure, which included not only courts and legal frameworks but also socially cohesive ideologies. Terpstra details how business practices emerged that were based on private order, yet took advantage of public institutions.

Focusing on the activity of both private and public economic actors--from Greek city councilors and Ptolemaic officials to long-distance traders and Roman magistrates and financiers--Terpstra illuminates the complex relationship between economic development and state structures in the ancient Mediterranean.

Review Quotes

"

The questions [Trade in the Ancient Mediterranean] explores are germane to those seeking to conceptualize how traders negotiated within host communities and states across the Mediterranean over time, which has significant implications for economic history. As Classics and Ancient History seek to reinvent the questions they ask of source material and justify a place in broader discussions in the academy, such a multidisciplinary and cross-cultural approach should serve as useful precedent.--Andrew Hogan, Bryn Mawr Classical Review

"

"[Terpstra's] case studies are valuable and thought-provoking contributions to ongoing debates about trade practice in the ancient world."---Miko Flohr, Sehepunkte

"The book certainly comprises a stimulating and well written account, including rich historical details. It thus is definitely a welcome addition to the ongoing debate on the ancient economy."---Lieve Donnellan, Ancient West and East

About the Author

Taco Terpstra is assistant professor of classics and history at Northwestern University. He is the author of Trading Communities in the Roman World.