Plato, Aristotle, and Locke on the accumulation of wealth and natural law

José Luis Cendejas Bueno ()
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José Luis Cendejas Bueno: Universidad Francisco de Vitoria, Madrid (Spain)

The Journal of Philosophical Economics, 2024, vol. 1, issue 1, 18-47

Abstract: The possibility of a growing accumulation of wealth, what we now refer to as economic growth, was something already considered by Plato, Aristotle and Locke, under the concept of chrematistics. In this paper we show how the economic thinking of these authors cannot be fully understood without considering the intimate relationship they establish between politics and property accumulation. In addition to continuities and ruptures in the arguments, there can be seen a growing understanding of the phenomenon of economic growth in such a way that, when we arrive at Locke, an evident paradigm shift can be appreciated. This change is rooted in the contributions of scholastic thinking for which the acquisition of property through human labour or industry enjoys legitimacy according to natural law.

Keywords: Platonic communism; Aristotelian chrematistics; Scholastic economic thought; Lockean theory of property (search for similar items in EconPapers)
JEL-codes: A12 B40 Z13 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:bus:jphile:v:17:y:2024:i:1:n:2

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