Koyama on Roman Empire economics

Mark Koyama has just written a great piece about Roman Empire historiography. Specifically, about how historians misunderstand the economic aspects of the Roman Empire, leading them to make erroneous conclusions about the cause of its decline. You can find his piece here.

One of Bryan Caplan’s points in The Myth of the Rational Voter is that what voters think about economics is important because so many questions in politics are or affect economic issues. A similar theme holds here, mutatis mutandis. I also see it in anthropology/archaeology. There are a great many fields of study where economics has explanatory power, but more often than not the people in these fields simply aren’t prepared to use it properly. For example I enjoyed Georges Lefebvre’s French Revolution books for the wealth of historical information, but his Marxist interpretation seemed close, but no cigar.

This is important because our framework for understanding the past reflects our framework for understanding the present. The worse we do with one, the worse we’ll do with the other.

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Author: rfmcelroyiii

Student and instructor of economics.

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