This volume contains essays based on the papers presented at the international colloquium "Banks, Loans and Financial Archives in the Ancient World", held in Ghent and Brussels in 2006 in honour of R. Bogaert. Specialists of various fields and periods have contributed studies on banking and finance in the Ancient World (including the Near East) and 18th-century England, each applying his or her own research strategies, methodologies and traditions. A common ground was found transcending the boundaries between disciplines as diverse as Assyriology, social and economic history, Roman law, epigraphy, papyrology and economics. The result of this collaborative effort is a consistent study that takes up many of the challenges posed by recent discoveries and new insights concerning the 'nature' of the ancient economy. As such, it will prove a substantial contribution to the ongoing effort to better understand the genesis, development and role of money, credit and financial mediation in the Ancient World.

This book discusses theories of monetary and financial innovation and applies them to key monetary and financial innovations in history – starting with the use of silver bars in Mesopotamia and ending with the emergence of the Eurodollar market in London. The key monetary innovations are coinage (Asia minor, China, India), the payment of interest on loans, the bill of exchange and deposit banking (Venice, Antwerp, Amsterdam, London). The main financial innovation is the emergence of bond markets (also starting in Venice). Episodes of innovation are contrasted with relatively stagnant environments (the Persian Empire, the Roman Empire, the Spanish Empire). The comparisons suggest that small, open and competing jurisdictions have been more innovative than large empires – as has been suggested by David Hume in 1742.

Horace’s book of seventeen iambi (by convention called ‘Epodes’) contains some of the most complex and controversial poetry of his entire career. This new interpretation exposes a poet in the throes of the torment of writing. Horace crafts an artwork which reveals the agony of expressing agony. He struggles to find the words as he gives voice to the anticipation of grief. The poet’s inner demons conspire against him. Anything that could go wrong, does go wrong. At the end we realise that Horace might have never wanted to write this book in the first place. But the fate of this writer is to be forever persecuted by his own writing. Horace’s iambi are methodically stitched together. Meter, intertextuality, wordplay, and theme combine strategically to provide an utterly compelling and vivid watercolor in words. It is a work of art which is able to hold its place amongst any top tier poetry, in any language, in any era.

Roman merchants, artisans, and service providers faced substantial prejudice. Contemporary authors labeled them greedy, while the Roman on the street accused merchants of lying and cheating. Legally and socially, merchants were kept at arm’s length from respectable society. Yet merchants were common figures in daily life, populating densely packed cities and traveling around the Mediterranean. The Reputation of the Roman Merchant focuses on the strategies retailers, craftsmen, and many other workers used to succeed, examining how they developed good reputations despite the stigma associated with their work. In a novel approach, blending social and economic history, The Reputation of the Roman Merchant considers how reputation worked as an informal institution, establishing and reinforcing traditional Roman norms while lowering the cost of doing business for individual workers. From histories and novels to inscriptions and art, this volume identifies common reputation strategies, explores how points of pride and personal accomplishments were shared with others, and explains responses to merchant activities on the small-scale. The book concludes that merchants invested heavily in their reputations as a way to set themselves apart from common, negative stereotypes without admitting that there was anything shameful about the work they did.

The economic analysis of Roman law has enormous potential to illuminate the origins of Roman legal institutions in response to changes in the economic activities that they regulated. These two volumes combine approaches from legal history and economic history with methods borrowed from economics to offer a new interdisciplinary approach.

This book was the first to undertake a comprehensive analysis of the impact of money on the economy, society and culture of the Greek and Roman worlds. It uses new approaches in economic history to explore how money affected the economy in antiquity and demonstrates that the crucial factors in its increasing influence were state-formation, expanding political networks, metal supply and above all an increasing sophistication of credit and contractual law. Covering a wide range of monetary contexts within the Mediterranean over almost a thousand years (c.600 BC–AD 300), it demonstrates that money played different roles in different social and political circumstances. The book will prove an invaluable introduction to upper-level students of ancient money, while also offering perspectives for future research to the specialist.

Shattering the cliché 'our world is more multilingual than ever before', this book offers the first comprehensive history of our multilingual past.