In the history of economic thought, ancient economic thought refers to the ideas from people before the Middle Ages.
Economics in the classical age is defined in the modern analysis as a factor of ethics and politics, only becoming an object of study as a separate discipline during the 18th century.
Read more about Ancient Economic Thought: Ancient Near East, Ancient Greco-Roman World, Ancient India, Medieval Islamic World
Famous quotes containing the words ancient, economic and/or thought:
“The ancient bitter opposition to improved methods [of production] on the ancient theory that it more than temporarily deprives men of employment ... has no place in the gospel of American progress.”
—Herbert Hoover (1874–1964)
“We have heard all of our lives how, after the Civil War was over, the South went back to straighten itself out and make a living again. It was for many years a voiceless part of the government. The balance of power moved away from it—to the north and the east. The problems of the north and the east became the big problem of the country and nobody paid much attention to the economic unbalance the South had left as its only choice.”
—Lyndon Baines Johnson (1908–1973)
“... when one reflects on the books one never has written, and never may, though their schedules lie in the beautiful chirography which marks the inception of an unexpressed thought upon the pages of one’s notebook, one is aware, of any given idea, that the chances are against its ever being offered to one’s dearest readers.”
—Elizabeth Stuart Phelps (1844–1911)