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Trade and the End of Antiquity [pdf]

https://jmboehm.github.io/coins.pdf

by therabbithole • 2 years ago

1 1 2 years ago

JM

jmboehm.github.io

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therabbithole• 2 years ago

"What caused the end of antiquity, the shift of economic activity away from the Mediterranean towards northern Europe? [...] Our estimates suggest that reduced trade openness arising from the cost of crossing the newly formed border between Christianity and Islam, combined with technical progress and increased minting output in Muslim Spain and in the Frankish lands, explains the increased urbanization of western and northern Europe relative to the eastern Mediterranean from the 8th to the 10th century."

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