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

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...

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1. Verfasser: Dari Mattiacci, Giuseppe ca. 20./21. Jh (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Oxford Oxford University Press, Incorporated 2020
Schriftenreihe:Oxford Studies in Roman Society and Law Ser
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Online-Zugang:DE-12
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Inhaltsangabe:
  • Cover
  • Roman Law and Economics Volume II: Exchange, Ownership, and Disputes
  • Copyright
  • Preface
  • Contents
  • List of Figures
  • List of Tables
  • List of Contributors
  • List of Abbreviations
  • Chapter 12: Rome and the Economics of Ancient Law II
  • Part IV: Slavery and the Roman Economy
  • Chapter 13: Law, Slaves, and Markets in the Roman Imperial System
  • 13.1. Law, Economy, and Power
  • 13.2. The Slave System
  • 13.3. Legal Thought
  • 13.4. Personal Dependency and Economic Autonomy
  • 13.5 A Dual Regime
  • 13.6. Praetors and Slaves
  • 13.7. Conclusion
  • References
  • Chapter 14: The Practice of Manumission through Negotiated Conditions in Imperial Rome
  • 14.1. Introduction
  • 14.2. Two Cases: Cronion and Calenus
  • 14.3. The Frequency of Manumission
  • 14.4. Economic Considerations for Manumission
  • 14.5. Implications of Freedom Purchase: Agreements and Terms
  • 14.6. Freedom Purchase Agreements and their Enforceability
  • 14.7. The Peculium as a Freedom Fund
  • 14.8. Establishing the Price of Freedom
  • 14.9. Patrons and Freedmen
  • 14.10. Conclusion
  • References
  • Part V: Credit
  • Chapter 15: Banking, Money-Lending, and Elite Financial Life in Rome
  • 15.1. Social Practices of Gratuity and Generosity
  • 15.2. The Beginnings of Banking in Rome and its Development (Fourth to First Centuries BC)
  • 15.3. The Non-Romans and Financial Life
  • 15.4. Law and Jurisprudence and the World of Finance
  • 15.5. Productive Loans and Commercial Credit
  • 15.6. Standards Imposed on Professional Bankers
  • References
  • Chapter 16: Secured Transactions in Classical Roman Law
  • 16.1. Introduction
  • 16.2. Roman Law and Economics
  • 16.2.1. Economic Analysis of Roman Security Interests
  • 16.2.2. Economic Functions of Security
  • 16.2.2.1. Primary Function of Security: Risk Reduction
  • 16.2.2.2. Monitoring, Bonding, and Moral Hazard
  • 16.2.2.3. Depersonalizing Credit Relationships: Impersonal Exchange and Adverse Selection
  • 16.2.2.4. Zero-Sum Game or Redistribution of Wealth to Secured Creditors?
  • 16.3. Effectiveness of the Roman Law of Real Security
  • 16.3.1. Priority and Certainty in Ranking
  • 16.3.2. Creating Security
  • 16.3.3. Comprehensiveness
  • 16.3.4. Rights of Use
  • 16.3.4.1. Hypotheca and Debtor's Right to Dispose
  • 16.3.4.2. Multiple Pledges
  • 16.3.4.3. Rights of Use for Creditor: Antichresis, Rehypothecation, and Assignment of the Secured Debt
  • 16.3.5. Enforcing Security
  • 16.4. Publicity
  • 16.4.1. Publicity: Introduction
  • 16.4.2. Registries Support Impersonal Exchange
  • 16.4.3. Public Registers in the Roman Empire
  • 16.4.3.1. Registration in the Roman Empire
  • 16.4.4. Informal Publicity through Possession
  • 16.4.4.1. No Protection of Bona Fide Third Parties
  • 16.4.4.2. Usucapio and Possessory Interdicts
  • 16.4.4.3. Occasional Protection against Lack of Ownership
  • 16.4.4.4. Purchasers of Pledged Property
  • 16.4.5. Transactional Practices Entailing Publicity
  • 16.4.5.1. Introduction
  • 16.4.5.2. Mancipatio
  • 16.4.5.3. Documents
  • 16.4.5.4. Handing-Over Deed of Sale
  • 16.4.6. Reputation-Based Mechanisms and Criminal Liability
  • 16.4.7. Late Antiquity: Publicly Executed Documents and gesta municipalia
  • 16.4.8. Comparative Perspective
  • 16.4.8.1. Registration
  • 16.4.8.2. Protection of Bona Fide Secured Creditors
  • 16.5. Concluding Observations
  • References
  • Part VI: Property
  • Chapter 17: Ancient Rome: Legal Foundations of the Growth of an Indispensable City
  • 17.1. The Cityscape of Ancient Rome
  • 17.1.1. Private Buildings and the Entrepreneurs Who Built and Owned Them
  • 17.1.2. Density
  • 17.1.3. Unpleasant Aspects of Life in Rome
  • 17.2. Why Talented People moved to Rome, and how their presence there benefited outsiders
  • 17.2.1. The Once Fashionable Conception of Rome as a Consumer City
  • 17.2.2. The Agglomeration Efficiencies That Rome Generated
  • 17.2.2.1. The Economic Theory of Cities
  • 17.2.2.2. The Many Services That Rome Exported
  • 17.2.3. Evidence That Rome Was a Magnet for Talent
  • 17.3. Legal Rules Revealing Rome's Commitment to "Commercialization of the Soil
  • 17.3.1. Norms and Laws Fostering the Alienability of Land
  • 17.3.1.1. Broad Freedom of Testation
  • 17.3.1.2. Legal Practices That Provided Title Assurance to Land Buyers
  • 17.3.2. Legal Practices That Fostered the Leasing of Houses and Shops
  • 17.4. The Active, but Cabined, Role of Government
  • 17.4.1. Policies Addressing Negative Land Use Externalities
  • 17.4.2. The Supply and Financing of Public Goods
  • 17.4.3. Rome's Relative Resistance to Populist Policies
  • 17.5. Conclusion
  • References
  • Chapter 18: Land Demarcation in Ancient Rome
  • 18.1. Introduction
  • 18.2. History of Land Demarcation in Ancient Rome
  • 18.2.1. The Roman System of Centuriation
  • 18.2.1.1. The Basic System
  • 18.2.1.2. Orientation and Division
  • 18.2.1.3. Allocation, Numbering, and Mapping
  • 18.2.1.4. Agrimensores and Surveying
  • 18.2.1.5. Boundaries
  • 18.3. Economics of Land Demarcation System
  • 18.3.1. Demarcation Basics: Parcel Shapes, Sizes, Alignment, and Topography
  • 18.3.2. Initial Parcel Demarcation
  • 18.3.2.1. Demarcation under Non-Roman Systems (MB)
  • 18.3.2.2. Demarcation under the Roman System (RS)
  • 18.3.3. Aggregation: Total Value and Land Markets
  • 18.3.3.1. Total Value of the Land in a System
  • 18.3.3.2. Net Value of the Roman System
  • 18.3.3.3. Land Markets: Roman (RS) versus Non-Roman Demarcation (MB)
  • 18.4. Empirical Analysis
  • 18.4.1. Detailed Data on Centuria
  • 18.4.2. Historical Information on Centuriation
  • 18.4.2.1. Agrimensor Responsibilities and Skills
  • 18.4.2.2. Optimal Alignment
  • 18.4.2.3. Types of Land
  • 18.4.2.4. Long-Term Effects and Path Dependence
  • 18.5. Concluding Remarks
  • References
  • Chapter 19: The Institutions of Roman Markets
  • 19.1. Introduction: The Institutions of Impresonal Exchange
  • 19.2. Institutional Choice
  • 19.3. Institutional Demand: Opportunities for Impersonal Exchange in the Roman Economy
  • 19.3.1. An Extensive Market Economy
  • 19.3.2. Discussion
  • 19.4. Institutional Supply: Public Registries in Rome
  • 19.4.1. Constraints on Property Registries in the Roman West
  • 19.4.2. Discussion
  • 19.5. Palliative Solutions in Property
  • 19.5.1. Ceremonial Publicity: mancipatio
  • 19.5.2. Evolution towards Privacy
  • 19.5.3. Exercise of Possession as Access to Ownership: usucapio
  • 19.5.4. Discussion
  • References
  • Ancient Sources
  • 19.6. Palliative Solutions in Business
  • 19.6.1. The Palliatives of Contractual Agency
  • 19.6.2. Discussion
  • 19.7. Effective Enforcement of Personal Obligations
  • 19.7.1. Informal Norms and Formal Rules
  • 19.7.2. Institutions Empowering Private Ordering
  • 19.7.2.1. The Role of Judicial Forbearance in Enabling Self-Enforcement
  • 19.7.2.2. The Role of Formalities with Respect to Household Membership
  • 19.7.3. Discussion
  • 19.8. Conclusion
  • Part VII: Dispute Resolution and Remedies
  • Chapter 20: One Step at a Time in Roman Law: How Roman Pleading Rules Shape the Substantive Structure of Private Law
  • 20.1. The Roman Procedural System
  • 20.2. The Uses of the Pleading System
  • 20.2.1. Actions in personam and in rem
  • 20.2.2. Actions ex delicto
  • 20.2.2.1 Summing up the tort side
  • 20.2.3. Actions ex contractu
  • Conclusion
  • References
  • Chapter 21: Private Prosecution and Enforcementin Roman Law
  • 21.1. Introduction
  • 21.2. The History
  • 21.3. Private Law: Strong Sense
  • 21.4. Private Enforcement of Contracts and Judgments: Sureties, Distraint, and Honor
  • 21.5. Private Law: Weak Sense
  • 21.6. Why?
  • 21.7. Conclusion
  • References
  • Ancient References
  • Chapter 22: Deterrence of Wrongdoing in Ancient Law
  • 22.1. "Wrongdoing" and Retribution
  • 22.2. "Wrongdoing" and Deterrence
  • 22.3. The Evolution of Individual Liability
  • 22.4. The Commodification of Civil Liability
  • 22.5. The Centralization of Criminal Liability
  • 22.6. Conclusion
  • References
  • Chapter 23: Collective Responsibility
  • 23.1. Introduction
  • 23.2. Examples from Roman Law
  • 23.3. Other Ancient Examples
  • 23.4. Examples from Modern Law
  • 23.5. Theoretical Analysis
  • 23.6. Conclusion
  • Appendix: A Simple Model of Individual VS Group Punishment
  • References
  • Chapter 24: The Dual Origin of the Duty to Disclose in Roman Law
  • 24.1 Introduction
  • 24.2. Institutions and Remedies
  • 24.2.1. Institutions
  • 24.2.2. Remedies
  • 24.3. Asymmetric Information and Symmetric Ignorance in Sale Contracts
  • 24.3.1. A Simple Model
  • 24.3.2. Transactions before the aediles
  • 24.3.3. Transactions before the praetor
  • 24.3.4. The Buyers' Choice of Market vs Private Transactions
  • 24.4. Analysis
  • 24.4.1. The Aedilician Remedies
  • 24.4.2. The Praetorian Remedies
  • 24.5. Forum Shopping
  • 24.6. Conclusions
  • References
  • Index