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The Origins of Business, Money, and Markets$
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Keith Roberts

Print publication date: 2015

Print ISBN-13: 9780231153270

Published to Columbia Scholarship Online: November 2015

DOI: 10.7312/columbia/9780231153270.001.0001

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The Downfall of Ancient Business

The Downfall of Ancient Business

Chapter:
(p.245) 13 The Downfall of Ancient Business
Source:
The Origins of Business, Money, and Markets
Author(s):

Keith Roberts

Publisher:
Columbia University Press
DOI:10.7312/columbia/9780231153270.003.0013

This chapter first explains the downfall of business that occurred during the third century c.e.. It shows that the decline of business during and after the third century was not due to the plagues and invasions that afflicted the empire, but rather, to policies chosen in response to the crises. The chapter then describes how the Principate became the Dominate, the restructured Roman state that emerged from the travails of the third century. While its institutions, including the church, once again relegated business to a marginal role, the foundations of Hellenistic and Roman business remained alive in the parts of the empire that fell to the Arab conquest in the seventh century.

Keywords:   Roman business, Principate, Dominate, Roman state

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