Economic History: Essay 1
Due Date: October 11, 2020
Word count: 1250-1500 words
According to the documents attached to this assignment, the Roman Empire is an early version of a modern market economy. I would like for you to watch the khan academy video on market vs command economy. Based on your class ppt, readings on the Roman Empire economy, and the video, I would like you to visualize where the Roman Empire belongs along the economic regime spectrum from command economy to market economy. With this in mind, you are to pick at the two documents provided in this assignment folder to explain how likely are the claims made by the authors of the two papers regarding the Roman Empire resembling more of a market economy. How sensical and credible is the evidence they have provided for these claims? After analyzing these documents, explain whether the Roman Empire leans more toward a command or market economy in your opinion, and why?
