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Volume 17  Number 4  •  Spring 2013
All Issues:  

The Calculus of Conquests
The Decline and Fall of the Returns to Roman Expansion
By R. Morris Coats, Gary M. Pecquet
This article appeared in the Spring 2013 issue of The Independent Review

Edward Gibbon showed how the increasing costs and declining benefits of conquest helped bring down the Roman empire, but he didn’t carefully identify who reaped the benefits and bore the costs. Recent research and modern economic tools can fill the missing gap in Gibbon’s analysis and illuminate Rome’s expansion and civil wars.

 PDFRead the Full Article (PDF, 24 pages)


Other Independent Review articles by R. Morris Coats
    Fall 2018   Why the Worst Get on Top: Corruption in Democracies

Other Independent Review articles by Gary M. Pecquet
    Summer 2016   Reputation Overrides Record
    Fall 2010   The Shaping of a Future President's Economic Thought
    Winter 2009   Texas Treasury Notes after the Compromise of 1850
[View All (5)]







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