Historiography of the fall of the Western Roman Empire Roman civilisation which under-girded the Empire. According to this school, drawing its basic premise from the Pirenne thesis, the Roman world underwent a gradual (though often violent) series of transformations, morphing into the medieval world. The historians belonging to this school often prefer to speak of Late Antiquity instead of the Fall of the Roman Empire. In "The History of the Decline and Fall of the Roman Empire" (1776–88), Edward Gibbon famously placed the blame on a loss of civic virtue among the Roman citizens. They gradually entrusted the role of defending the Empire to barbarian mercenaries who eventually turned
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