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The Institutions of Roman Markets

Benito Arruñada

in Roman Law and Economics: Volume II: Exchange, Ownership, and Disputes

Published in print:
2020
Published Online:
July 2020
ISBN:
9780198787211
eISBN:
9780191829291
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198787211.003.0019
Subject:
Classical Studies, European History: BCE to 500CE

The chapter analyzes the basis of the market economy in classical Rome, from the perspective of personal vs impersonal exchange and focusing on the role of the state in providing market-enabling ... More


Secured Transactions in Classical Roman Law

Hendrik L. E. Verhagen

in Roman Law and Economics: Volume II: Exchange, Ownership, and Disputes

Published in print:
2020
Published Online:
July 2020
ISBN:
9780198787211
eISBN:
9780191829291
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198787211.003.0016
Subject:
Classical Studies, European History: BCE to 500CE

In modern literature the Roman law of real security is often regarded as ineffective, to which it is usually added that this did not seriously hamper the granting of credit, as in classical Rome ... More


Land Demarcation in Ancient Rome

Gary D. Libecap and Dean Lueck

in Roman Law and Economics: Volume II: Exchange, Ownership, and Disputes

Published in print:
2020
Published Online:
July 2020
ISBN:
9780198787211
eISBN:
9780191829291
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198787211.003.0018
Subject:
Classical Studies, European History: BCE to 500CE

Ancient Rome was an expansive and wealthy empire that created a trading network that relied on common language(s), law, money, and a system of measurement. An important component of this network was ... More


One Step at a Time in Roman Law: How Roman Pleading Rules Shape the Substantive Structure of Private Law

Richard A. Epstein

in Roman Law and Economics: Volume II: Exchange, Ownership, and Disputes

Published in print:
2020
Published Online:
July 2020
ISBN:
9780198787211
eISBN:
9780191829291
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198787211.003.0020
Subject:
Classical Studies, European History: BCE to 500CE

This chapter argues that the Roman law system of a staged system of pleadings, which emerged in the mature formulary system and then was eventually carried over into the common law, offers a superior ... More


The Organization of India-to-Rome Trade: Loans and Agents in the Muziris Papyrus

Ron Harris

in Roman Law and Economics: Institutions and Organizations Volume I

Published in print:
2020
Published Online:
July 2020
ISBN:
9780198787204
eISBN:
9780191829284
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198787204.003.0007
Subject:
Classical Studies, European History: BCE to 500CE

Not much is known about the organization of the trade between Egypt and India in Roman times. Roman law is obviously well documented in surviving texts of various sorts. Trade practices in the Indian ... More


Roman Business Associations

Andreas Martin Fleckner

in Roman Law and Economics: Institutions and Organizations Volume I

Published in print:
2020
Published Online:
July 2020
ISBN:
9780198787204
eISBN:
9780191829284
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198787204.003.0009
Subject:
Classical Studies, European History: BCE to 500CE

Roman businessmen eager to launch a joint business venture could choose among three legal forms: the societas, the societas publicanorum, and the peculium of a commonly held slave. None of these ... More


Mandate and the Management of Business in the Roman Empire

Dennis P. Kehoe

in Roman Law and Economics: Institutions and Organizations Volume I

Published in print:
2020
Published Online:
July 2020
ISBN:
9780198787204
eISBN:
9780191829284
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198787204.003.0011
Subject:
Classical Studies, European History: BCE to 500CE

This chapter examines the role that the contract of mandate (mandatum) and the related institution of “unauthorized administration” (negotia gesta) played in Roman economic life. Mandate represented ... More


Collective Responsibility

Thomas J. Miceli

in Roman Law and Economics: Volume II: Exchange, Ownership, and Disputes

Published in print:
2020
Published Online:
July 2020
ISBN:
9780198787211
eISBN:
9780191829291
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198787211.003.0023
Subject:
Classical Studies, European History: BCE to 500CE

The concept of collective responsibility, or group punishment, for crimes or other harmful acts, was a pervasive feature of ancient societies, as exemplified by the Roman Senatus Consultum ... More


Setting the Rules of the Game: The Market and Its Working in the Roman Empire

Elio Lo Cascio

in Roman Law and Economics: Institutions and Organizations Volume I

Published in print:
2020
Published Online:
July 2020
ISBN:
9780198787204
eISBN:
9780191829284
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198787204.003.0005
Subject:
Classical Studies, European History: BCE to 500CE

This chapter analyses the mainly juridical evidence (from the Digest and the late antique Codes, as well as Cassiodorus’ Variae) on the working of the market in the Roman Empire and the role played ... More


Deterrence of Wrongdoing in Ancient Law

Francesco Parisi, Daniel Pi, Barbara Luppi, and Iole Fargnoli

in Roman Law and Economics: Volume II: Exchange, Ownership, and Disputes

Published in print:
2020
Published Online:
July 2020
ISBN:
9780198787211
eISBN:
9780191829291
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198787211.003.0022
Subject:
Classical Studies, European History: BCE to 500CE

Ancient laws addressed all types of wrongdoing with a single set of remedies that over time pursued a changing mix of retaliatory, punitive, and compensatory objectives. In this paper, we consider ... More


Agency Problems and Organizational Costs in Slave-Run Businesses

Barbara Abatino and Giuseppe Dari-Mattiacci

in Roman Law and Economics: Institutions and Organizations Volume I

Published in print:
2020
Published Online:
July 2020
ISBN:
9780198787204
eISBN:
9780191829284
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198787204.003.0010
Subject:
Classical Studies, European History: BCE to 500CE

This chapter examines the internal economic organization of the peculium servi communis—that is, of separate business assets assigned to a slave—and its (external) relationships with creditors. ... More


Private Prosecution and Enforcement in Roman Law

David Friedman

in Roman Law and Economics: Volume II: Exchange, Ownership, and Disputes

Published in print:
2020
Published Online:
July 2020
ISBN:
9780198787211
eISBN:
9780191829291
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198787211.003.0021
Subject:
Classical Studies, European History: BCE to 500CE

Many legal systems show evidence of having evolved out of a decentralized system of privately enforced law. Our very imperfect information on early Roman law, in particular the surviving texts from ... More


The Dual Origin of the Duty to Disclose in Roman Law

Barbara Abatino and Giuseppe Dari-Mattiacci

in Roman Law and Economics: Volume II: Exchange, Ownership, and Disputes

Published in print:
2020
Published Online:
July 2020
ISBN:
9780198787211
eISBN:
9780191829291
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198787211.003.0024
Subject:
Classical Studies, European History: BCE to 500CE

The Roman law remedies for failure to disclose in sales contracts were developed by two different institutions: that of the aediles, with jurisdiction on market transactions effected through ... More


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