ECONOMIC THOUGHT IN ANCIENT GREECE: ARISTOTLE

Djuro Benic ()
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Djuro Benic: University of Dubrovnik

Economic Thought and Practice, 2016, vol. 25, issue 2, 337-354

Abstract: Aristotle's contribution to the development of economic thought is analysed in the paper. The paper studies his thoughts and attitudes on the state, slavery, private property, values, exchange, trade, money, and interest. As an analytical thinker, inhibited by the historical context and slavery, his greatest achievements were attained in the field of value and money. His distinction between use value and exchange value, as well as the function of money are valid still today.

Keywords: Aristotle; economic thought; use value; exchange value; money (search for similar items in EconPapers)
JEL-codes: B11 (search for similar items in EconPapers)
Date: 2016
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