The Hellenic contribution to economic thought

George A. Petrochilos

Global Business and Economics Review, 1999, vol. 1, issue 2, 215-246

Abstract: In recent years, there has been a revival of interest in the contribution of ancient Greek writers to economic thought. The present paper argues that the Hellenic contributions on private ownership of property and atomistic behaviour, division of labour, free foreign trade, value, money, interest, as well as the efficient and effective estate management, leading to wealth creation and growth, compare favourably with our present views on these matters. While their analysis of economic issues has been part of ethics and politics and has lacked an autonomous and systematic treatment of the subject, nevertheless, their teachings have influenced subsequent thinkers, including Adam Smith and in particular Karl Marx, and have been very relevant in the development of economics.

Keywords: economic thought; economics development; economic theory; ancient Greece; private ownership; property ownership; atomistic behaviour; division of labour; free foreign trade; value; money; interest; estate management; wealth creation; economic growth; Hellenic economics. (search for similar items in EconPapers)
Date: 1999
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.inderscience.com/link.php?id=6146 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:gbusec:v:1:y:1999:i:2:p:215-246

Access Statistics for this article

More articles in Global Business and Economics Review from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().