In this volume, Philip Kay examines ecomic change in Rome and Italy between the Second Punic War and the middle of the first century BC. He argues that increased inflows of bullion, in particular silver, combined with an expansion of the availability of credit to produce significant growth in monetary liquidity. This, in turn, stimulated market developments, such as investment farming, trade, construction, and manufacturing, and radically changed the composition and scale of the Roman ecomy. Using a wide range of evidence and scholarly investigation, Kay demonstrates how Rome, in the second and first centuries BC, became a coherent ecomic entity experiencing real per capita ecomic growth. Without an understanding of this ecomic revolution, the contemporaneous political and cultural changes in Roman society cant be fully comprehended or explained.
Dr Philip Kay is a Supernumerary Fellow of Wolfson College, Oxford. In addition to his academic work, he also runs his own investment management business.