History of Rome (Mommsen) historian of his century or of ours. His only rival in any century was Edward Gibbon, whose monumental History of the Decline and Fall of the Roman Empire complements rather than competes with Mommsen's superb description of the Roman republic." One encyclopaedic reference summarizes: "Equally great as antiquary, jurist, political and social historian, Mommsen [had] no rivals. He combined the power of minute investigation with a singular faculty for bold generalization... ." About the "History of Rome" the universal historian Arnold J. Toynbee writes, "Mommsen wrote a great book, which certainly will always be reckoned among the masterpieces of Western
Historiography of the fall of the Western Roman Empire such as the consulship. The formal end of the Roman Empire on the West in AD 476 thus corresponds with the time in which the Empire and the title Emperor no longer had value. Historian Michael Rostovtzeff and economist Ludwig von Mises both argued that unsound economic policies played a key role in the impoverishment and decay of the Roman Empire. According to them, by the 2nd century AD, the Roman Empire had developed a complex market economy in which trade was relatively free. Tariffs were low and laws controlling the prices of foodstuffs and other commodities had little impact