Overview

In this book Donald W. Jones presents a framework for how to approach four important topics that have held the attention of historians and archaeologists for decades. He offers intuitive but rigorous introductions to the contemporary economic theory and modelling dealing with agriculture, international trade, populations, and the behavior of aggregate economies. Familiarity with these models can offer nuanced insights into ancient economic behavior in data-poor as well as data-rich environments. Each chapter presents case studies from the literature of antiquity demonstrating how this could work and offering suggestions of topics where these models could be fruitfully explored.

Full Product Details

Author:   Donald W. Jones
Publisher:   BAR Publishing
Imprint:   BAR Publishing
Weight:   1.085kg
ISBN:  

9781407357683

ISBN 10:   1407357689
Pages:   272
Publication Date:   25 February 2021
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Paperback
Publisher's Status:   Active
Availability:   Available To Order  
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Table of Contents

"List of Figures List of Tables 1 Four Topics of Consuming Interest 1.1 Interests and Developments in Agriculture, Trade, Population, and the Behavior of Aggregate Economies 1.2 How Economists Study Problems 1.3 Rationality, Preferences, Markets, Capitalism, and Modern Economic Theory 2 The Economics of Agriculture 2.1 Introduction 2.1.1 Why a Chapter on Agriculture? 2.1.2 Markets and ""Markets"" 2.1.3 Guide to the Chapter 2.2 The Farm Household Model 2.2.1 Overview of the Farm Household Model 2.2.2 Causes of Non-Separable Production and Consumption Decisions 2.2.3 Consequences of Non-Separable Production and Consumption Decisions 2.3 Agricultural Production and Supply 2.3.1 Characterizing Agricultural Production 2.3.2 Agricultural Supply 2.3.3 Production when Output is Both a Consumption Good and a Capital Good 2.4 Farm Operation 2.4.1 What Kind of Area Are We Talking About? 2.4.2 Contract Choice: Who Decides What, Who Does What, and Who Gets What? 2.4.3 The Theory of Share Tenancy 2.4.4 Interlinked Transactions in Agrarian Economies: Land, Insurance, Labor, Credit 2.5 Agricultural Commodity Storage 2.6 The Theory of Famines 2.7 Open Access and Common Property Resources 2.8 Cases from Antiquity: Farming - Between the Plow and the Agreements 2.9 Using this Chapter's Information: Archaeological Applications 2.9.1 Animal Bones 2.9.2 Agricultural Implements 2.9.3 Agricultural Plant Remains 2.9.4 Storage 2.9.5 Ancient Fields and Carrying Capacities 2.9.6 Other Applications 3 The Economics of International Trade 3.1 Problems and Models in International Trade 3.2 Gains from Trade 3.3 Theories of Trade 1. Differential Technology: The Ricardian Model 3.3.1 Production in the Ricardian Model 3.3.2 The Comparative Advantage Concept 3.3.3 Patterns of Trade 3.3.4 Effect of Trade on Factor Prices 3.3.5 Theories of Trade 2. The Specific Factors Model 3.3.6 Dutch Disease 3.4 Theories of Trade 3. Factor Endowments: The Heckscher-Ohlin Model 3.4.1 The 2-Good, 2-Factor Model 3.4.2 Causes of Comparative Advantage 3.4.3 Factor Price Equalization 3.4.4 Effects of Factor Endowments on Production 3.4.5 Effects of Commodity Prices on Factor Prices 3.4.6 Many Goods and Factors 3.4.7 Nontraded and Intermediate Goods 3.4.8 Natural Resources 3.4.9 Transportation Costs 3.5 Theories of Trade 4. Intra-industry Trade in Differentiated Goods 3.6 Commercial Policy 3.6.1 Tariffs, Trade Subsidies, and Quotas 3.6.2 Effective Protection 3.6.3 Customs Unions 3.7 The Multinational Enterprise and Foreign Investment 3.7.1 The Perspective of the Individual Firm 3.7.2 Multinationals from the Perspective of an Entire Economy 3.7.3 Foreign Investment and International Capital Flows 3.7.4 The ""Transfer Problem"" 3.8 Exchange Rates and the Balance of Payments 3.8.1 Exchange Rates and Exchange Rate Regimes 3.8.2 The Balance of Payments Accounts 3.8.3 Trade and the Balance of Payments 3.8.4 Purchasing Power Parity 3.8.5 Exchange Rates, the Balance of Payments, and the International Distribution of Gold Money 3.9 Cases from Antiquity: Addressing Ancient Trade with International Trade Models 3.10 Suggestions for Using the Material of this Chapter 4 The Economics of Population 4.1 Introduction 4.1.1 Background 4.1.2 Rationale for The Chapter 4.1.3 Guide to the Chapter 4.2 Some Demographic Concepts 4.2.1 Some Common Demographic Measures 4.2.2 An Overview of the Model Life Table 4.2.3 Population Theory 4.2.4 Demographic Models and the Study of Ancient Populations 4.2.5 Two-Sex Problems and Models 4.2.6 Natural Fertility and Fertility 4.3 The Microeconomics of Fertility 4.3.1 The Issue of Choice 4.3.2 Factors Complicating the Basic Theory 4.3.3 The Chicago-Columbia Model 4.3.4 The Pennsylvania Model 4.3.5 The Malthusian Population Model 4.3.6 The Economics of Nuptiality 4.3.7 Mortality 4.3.8 The Family Setting of Fertility Decisions 4.4 Population Change, Model Life Tables, and Fertility Theory 4.4.1 Life-Table Approach to Population Catastrophes 4.4.2 Economic Approach to the Same Events 4.4.3 Identifying and Measuring Population Changes and their Consequences 4.5 Modeling Generations 4.5.1 The Overlapping Generations Model 4.5.2 The Structure of an OLG Model 4.6 Intergenerational Transfers 4.6.1 Utility-Maximizing Intergenerational Transfers at the Individual Level: Partial Equilibrium Analysis 4.6.2 Transfers in the Two-Period OLG Model 4.6.3 Transfers in an Economy-Wide Reallocation System: General Equilibrium Analysis of Intergenerational Transfers 4.7 Population Growth and Economic Growth 4.7.1 Facts to Be Explained and Changing Explanatory Strategies 4.7.2 Hypotheses about Population and Technological Change 4.7.3 Endogenous Fertility in Models of Economic Growth 4.8 Concluding Thoughts 4.9 Cases from Antiquity: Exercising the Leslie Matrix with an Eye to Antiquity 4.10 Using this Chapter's Information 5 The Behavior of Aggregate Economies: Ma"

Reviews

"""Donald W. Jones provides a useful economic ""toolbox"" whereby these economies can be profitably studied. This is likely to be of interest to those working on traditional societies, especially in antiquity, regardless of the geographical specifics of their pursuits"". Professor Michael Decker, University of South Florida"

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Author Information

Donald W. Jones is an economist with academic, national laboratory, and private sector experience. He has published in Bronze and Early Iron Age archaeology of the Aegean and eastern Mediterranean. He is an adjunct professor of Classics at the University of Tennessee and teaches environmental economics at Loyola University Chicago.

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