On pages 642-643 of Will Durant’s remarkable book Caesar and Christ (1944) he discusses Diocletian‘s economic policies. (Diocletian reigned from 282 to 305 A.D.)
In years of peace Diocletian, with his aides, faced the problems of economic decay. To overcome depression and prevent revolution he substituted a managed economy for the law of supply and demand…. To ensure the supply of necessaries for the cities and the armies, he brought many branches of industry under complete state control, beginning with the import of grain; he persuaded the shipowners, merchants, and crews engaged in this trade to accept such control in return for government guarantee of security in employment and returns…. In 301 Diocletian and his colleagues [joint rulers of an administratively divided empire] issue an Edictum de pretiis, dictating maximum legal prices or wages for all important articles or services in the Empire…. The Edict was until our time the most famous example of an attempt to replace economic laws by governmental decrees. Its failure was rapid and complete.
Durant goes on to explain how these economic regulations, combined with higher taxes, caused people to engage in unprecedented levels of hiding their productive activities from the state and in to fleeing Rome. Medieval feudalism, Durant argues, finds its chief root in the restrictions that Diocletian and his successors imposed as they attempted to tie people to the land in order to prevent them from fleeing:
It was probably to check this costly mobility, to ensure a proper flow of food to armies and cities, and of taxes to the state, that Diocletian resorted to measures that in effect established serfdom in fields, factories, and guilds” [p. 644].
Durant concludes this discussion with the sorrowful observation that relatively few Romans protested, as they apparently were hoodwinked into believing that in exchange for their freedom they were gaining greater security.
A telling tale.



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{ 9 comments }
Sounds eerily familiar to much of what happens in Atlas Shrugged… I wonder if Ms. Rand gained some inspiration for that book.
How far along in the series are you Don? Which volumes have yet to be completed? To anyone who hasn't checked out the Durant series you do not know what you are missing out on. I am bummed I forgot to bring some to school with me.
Robert
Empire… its always been the same; always will be the same. Same old human race, after all.
Absolutely fascinating. I'm definitely going to research this. Thanks for the info, Don.
I'm not a historian, but in my experience professional historians don't even consider the Durants to be very good popularizers. You might want to check this against the pros, especially given that there were a few centuries between Diocletian and feudalism.
Did you have Burke in mind with that last paragraph. I believe he said that "people do not willingly give up their freedoms, but under some grand illusion."
Robert, agreed.
Harold, Will Durant was as much philosopher as historian – its what makes the Story of Civilization such a great read.
No argument, Randy. Without doubt he's the guy who gets us interested. I'm just not sure he's the authority.
I've actually read the entire Story of Civilization series, and I frequently go back and re-read them. While it may be that subsequent information has changed the details, Durant is such an acute observer of human behavior that there will always be value in his works.