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Caligula – 37-41AD

Gaius (Caligula) Emperor 37 – 41 AD Born 12 AD – Died 41 AD, age 29 Gaius Caesar Germanicus (Caligula) was the youngest son of Germanicus and Agrippina Senior and was born at Antium in 12AD (modern Anzio) some 25 miles south of Rome. Suetonius tells us that he was a tall, thin man who lost most of his […] read more

Tiberius – 14-37 AD

Tiberius 14 – 37 AD born 42 BC – died 37 AD, age 78 Tiberius Claudius Nero was born on November 16, 42 BC, the elder son of Tiberius Claudius Nero and Livia. Tiberius was most likely born on the Palatine Hill in Rome where he and his younger brother Nero Claudius Drusus, spent much of their early childhood. However, his early childhood […] read more

Marc Antony – 42 BC

Marc Antony Born 83 – Died 30 BC, age 53 Imperator, 46 – 30 BC Marcus Antonius was born in 83 BC, the son of Antonius Creticus and Julia, who was related to Julius Caesar. His father was a rather unsuccessful admiral who died early during his childhood. His mother remarried to P. Cornelius Lentulus who raised him for […] read more

Gnaeus Pompey Junior

Silver Denarius Son of Pompey the Great (executed by Caesar in 45 BC) Gnaeus Pompey was the eldest son of Pompey the Great, by his third wife, Mucia. Gnaeus was a loyal officer who fought along side his father. He joined his father and the corrupt Senate of Rome during the Civil War in opposition […] read more

On The Principles of Political Economy and Taxation Part 1

PREFACE The produce of the earth — all that is derived from its surface by the united application of labour, machinery, and capital, is divided among three classes of the community; namely, the proprietor of the land, the owner of the stock or capital necessary for its cultivation, and the labourers by whose industry it […] read more

An Inquiry Into the Nature and Causes of the Wealth of Nations Book 5

BOOK FIVE OF THE REVENUE OF THE SOVEREIGN OR COMMONWEALTH CHAPTER I: Of the Expenses of the Sovereign or Commonwealth ——————————————————————————– PART 1 Of the Expense of Defence THE first duty of the sovereign, that of protecting the society from the violence and invasion of other independent societies, can be performed only by means of […] read more

An Inquiry Into the Nature and Causes of the Wealth of Nations Book 4

BOOK FOUR INTRODUCTION ——————————————————————————– OF SYSTEMS OF POLITICAL ECONOMY POLITICAL economy, considered as a branch of the science of a statesman or legislator, proposes two distinct objects: first, to provide a plentiful revenue or subsistence for the people, or more properly to enable them to provide such a revenue or subsistence for themselves; and secondly, […] read more

An Inquiry Into the Nature and Causes of the Wealth of Nations Book 2

BOOK TWO – INTRODUCTION OF THE NATURE, ACCUMULATION, AND EMPLOYMENT OF STOCK ——————————————————————————– IN that rude state of society in which there is no division of labour, in which exchanges are seldom made, and in which every man provides everything for himself, it is not necessary that any stock should be accumulated or stored up […] read more

An Inquiry Into the Nature and Causes of the Wealth of Nations Book 1

BOOK ONE OF THE CAUSES OF IMPROVEMENT IN THE PRODUCTIVE POWERS. OF LABOUR, AND OF THE ORDER ACCORDING TO WHICH ITS. PRODUCE IS NATURALLY DISTRIBUTED AMONG THE DIFFERENT RANKS OF THE PEOPLE. CHAPTER I ——————————————————————————– Of the Division of Labour THE greatest improvement in the productive powers of labour, and the greater part of the […] read more

Money and the Evolution of Banking

The Origins of Money Chapter II By Martin A. Armstrong Money and the Evolution of Banking While prostitution has long been regarded as the first profession and lawyers as close second, the banking profession is clearly the third oldest known to humankind. The invention of banking preceded that of coinage by several thousand years. Banking […] read more