...a large, interest-free, 3-year loan to bankers when loans at the time were rarely extended for more than a few months. This was unprecedented, and was unlikely to be a response to a minor matter.
This is a tributary empire. The state is collecting taxes from the whole of the empire, some significant fraction of which are spent in Italy, which itself pays almost no taxes at all.
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That's exactly what Hopkins is trying to model, estimating the scale that Roman extraction might have taken compared to the underlying economic (he suggests c. 10%, which may be too high - but, you know, welcome to the near total lack of evidence in the ancient world).
Kiitos. Käytämme tätä aikajanasi parantamiseen. KumoaKumoa
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As an oppidan, I could not be more pleased to discover that I follow both of you. Thank you both.
Kiitos. Käytämme tätä aikajanasi parantamiseen. KumoaKumoa
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