Greenland’s ice provides a detailed account of the Roman empire’s economy

Mostly Economics

Fascinating to read this account by Jason Daley.

Researchers are analysing icecaps to figure minting activity in Roman empire:

e know a lot about the Roman Empire. Not only did famous Romans like Julius Caesar write about their own accomplishments and plaster their names and works on public buildings, historians also chronicled the rise and fall of the powerful civilization. But sometimes it’s hard to know how the average person in the Empire was doing—while Caesar was off conquering Gaul, was the economy good? During the Year of the Four Emperors, when intrigue and infighting rocked the empire, was the government still minting money? As Katie Langin at Science reports, researchers recently found some insight locked in Greenland’s ice cap.

Besides the power of the legions, Rome’s might lay in its wealth, the cornerstone of which was a silver coin known as a denarius. Producing the silver needed to mint…

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This entry was posted in applied price theory on by .

About Jim Rose

Utopia - you are standing in it promotes a classical liberal view of the world and champion the mass flourishing of humanity through capitalism and the rule of law. The origin of the blog is explained in the first blog post at https://utopiayouarestandinginit.wordpress.com/2014/03/12/why-call-my-blog-utopia-you-are-standing-in-it/

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