Greek and Roman economic stagnation and technological blockage have long be
en accepted as facts, rather than interpretations. This status was reinforc
ed in this journal in 1965 in an article by Finley, who has had a dispropor
tionate influence upon historians of economics and technology because he re
ached a broad readership beyond classics and archaeology. Finley's views ha
ve been discussed vigorously in subsequent decades, but the outcome of the
debate has not been widely communicated. This article uses new material evi
dence, reconsiderations of texts, and current theoretical approaches to off
er a more dynamic picture of ancient, economic and technological activity a
nd to raise awareness of specialist literature.