. An essay on western civilization in its economic aspects ... To face p 171. Chap, hi.] The Roman Empire. 171 paid, was maintained. It remained nominally under senatorialauthority, though the Emperors soon came to exercise a practicalcontrol both in the appointment of officials and the dispositionof revenue. Various branches of income were gradually trans-ferred to the fiscus which was the main financial organ of theEmpire; it had been created by Augustus, and was under thepersonal direction of the Emperor. The type of economicinstitution, on which the new administrative machinery wasmodelled
. An essay on western civilization in its economic aspects ... To face p 171. Chap, hi.] The Roman Empire. 171 paid, was maintained. It remained nominally under senatorialauthority, though the Emperors soon came to exercise a practicalcontrol both in the appointment of officials and the dispositionof revenue. Various branches of income were gradually trans-ferred to the fiscus which was the main financial organ of theEmpire; it had been created by Augustus, and was under thepersonal direction of the Emperor. The type of economicinstitution, on which the new administrative machinery wasmodelled, was not that of a city, but of a household ^ It was the staff of the Caesars household that managed theEmpire, and founded the various departments of state. TheRomans, as has been said above, kept their private accountswith scrupulous accuracy; and Augustus applied the same sortof care to the enormous domain which had come under hischarge^ The development of a sovereigns household into anadministrative system is a process that has recurred again andagain— under Cha
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