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Edict on Maximum Prices information


Piece of the edict in the Pergamon Museum, Berlin
One of four pieces of the edict (in Greek) re-used in the door frame of the medieval Church of St. John Chrysostomos in Geraki

The Edict on Maximum Prices (Latin: Edictum de Pretiis Rerum Venalium, "Edict Concerning the Sale Price of Goods"; also known as the Edict on Prices or the Edict of Diocletian) was issued in 301 AD by Diocletian. The document denounces greed and sets maximum prices and wages for all important articles and services.

The Edict exists only in fragments found mainly in the eastern part of the empire, where Diocletian ruled. The reconstructed fragments have been sufficient to estimate many prices for goods and services for historical economists (although the Edict attempts to set maximum prices, not fixed ones). It was probably issued from Antioch or Alexandria and was set up in inscriptions in Greek and Latin.

The Edict on Maximum Prices is still the longest surviving piece of legislation from the period of the Tetrarchy. The Edict was criticized by Lactantius, a rhetorician from Nicomedia, who blamed the emperors for the inflation and told of fighting and bloodshed that erupted from price tampering. By the end of Diocletian's reign in 305, the Edict was for all practical purposes ignored. The Roman economy as a whole was not substantively stabilized until Constantine's coinage reforms in the 310s.

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Edict on Maximum Prices

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The Edict on Maximum Prices (Latin: Edictum de Pretiis Rerum Venalium, "Edict Concerning the Sale Price of Goods"; also known as the Edict on Prices or...

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Edict

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long-standing Praetor's Edict, a periodic document which first began under the late Roman Republic (c. 509–44 BC). Edict on Maximum Prices (301), by Roman Emperor...

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Price controls

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[price limit] law, after having proved destructive to many people, was from mere necessity abolished." As with Diocletian's Edict on Maximum Prices, shortages...

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Diocletian

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Diocletian's plans were successful: the Edict on Maximum Prices (301), his attempt to curb inflation via price controls, was counterproductive and quickly...

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301

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that revalues the Roman currency. November: Diocletian issues his Edict on Maximum Prices, which, rather than halting rampant inflation, causes widespread...

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Follis

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a thin layer of silver on top. The 'follis' of Diocletian, despite efforts to enforce prices with the Edict on Maximum Prices (301), was revalued and...

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Caligae

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applied throughout the Empire. The emperor Diocletian's Edict on Maximum Prices (301) includes set prices for footwear described as caligae, but with no hobnails...

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Siliqua

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about 12 times as much as silver in ancient Rome (in Diocletian's Edict on Maximum Prices of 301), such a silver coin would have a theoretical weight of...

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Argenteus

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Augusta uses the phrase to refer to several fictitious coins. Edict on Maximum Prices Roman currency Solidus (coin) Elton, Hugh (1 January 2006), Potter...

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flourish. 301: Diocletian's edict on maximum prices. 301: Armenia first to adopt Christianity as state religion. 313: Edict of Milan declared that the...

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denarii, the wage of fifty months' labour. Diocletian's Edict on Maximum Prices from 301 AD gives a price of 125 denarii for a pound of cassia, while an agricultural...

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mention lana pinna ("pinna wool"). Emperor Diocletian's (301 AD) Edict on Maximum Prices lists it as a valuable textile. The Byzantine historian Procopius's...

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percent silver. Diocletian issued an Edict on Maximum Prices in 301, which attempted to establish the legal maximum prices that could be charged for goods...

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Denarius

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roughly one dupondius (1⁄8 of a denarius); after Diocletian's Edict on Maximum Prices was issued in 301 AD, the same item cost 8 debased common denarii...

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Education in ancient Rome

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himself as such. This Edict on Maximum Prices fixed the salary of a grammaticus at 200 denarii per pupil per month, though the edict was unenforceable, ignored...

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Vinum Hadrianum

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neighboring wine of the so-called Praetutianum. In Diocletian's Edict on maximum prices, it was mentioned that a Picenum wine, where Hadrianum was produced...

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Salona

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was the only Eastern Adriatic port-city listed in Diocletian's Edict on Maximum Prices, and out of all listed port-cities it had most maritime connections...

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History of the Roman Empire

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Diocletian's plans were successful: the Edict on Maximum Prices (301), his attempt to curb inflation via price controls, was counterproductive and quickly...

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Aigeira

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Valerios Stais uncovered an inscription bearing part of Diocletian's Edict on Maximum Prices, issued in 301 CE, though he did not record either the precise...

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Ignatius of Antioch

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calculations made by applying the ORBIS model to data from Diocletian's Edict on Maximum Prices of 301 CE, transportation by wagon cost between five and fifty-two...

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Verd antique

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thessalicum or Thessalian marble. In Diocletian's Edict on Maximum Prices, Thessalian marble was priced at 150 denarii per cubic foot - more expensive than...

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Basil II

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coinage. The Edict on Maximum Prices issued during Diocletian's reign placed the cost on carpets from Cappadocia "at 3000 denarii, a price 30-fold the...

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Hierocles' career is located. The Edict on Maximum Prices is issued by the emperor Diocletian in 301 AD, with the prices and simulated sailing times from Nicomedia...

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Clothing in ancient Rome

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foreign traders and loss to the empire. Diocletian's Edict on Maximum Prices of 301 AD set the price of one kilo of raw silk at 4,000 gold coins. Wild silk...

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Timeline of Roman history

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Date Event 301 Diocletian issued the Edict on Maximum Prices, reforming the currency and setting price ceilings on a number of goods. 303 24 February Diocletianic...

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Lex Cincia

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fees: Claudius capped fees to ten thousand sesterces; the later Edict on Maximum Prices issued during the reign of Diocletian similarly attempted to cap...

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products can be found in the Edict on Maximum Prices, issued in 301 A.D. by Emperor Diocletian, which established price caps equal to 80 denarii per modius...

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were imposed on anyone directly, deliberately and insidiously stopping supply ships. Under Diocletian, in 301 AD an Edict on maximum prices established...

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empire. In the 4th century, the Edict on Maximum Prices was issued by the emperor Diocletian in 301 AD, with the prices and simulated sailing times from...

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"MANCIPIVM RVSTICVM SIVE VRBANVM: The Slave Chapter of Diocletian's Edict on Maximum Prices," Bulletin of the Institute of Classical Studies suppl. 109 (2010)...

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