History of Economic Thought - Early Economic Thought

Early Economic Thought

The earliest discussions of economics date back to ancient times (e.g. Chanakya's Arthashastra or Xenophon's Oeconomicus). Back then, and until the industrial revolution, economics was not a separate discipline but part of philosophy. In Ancient Athens, a slave based society but also one developing an embryonic model of democracy, Plato's book The Republic contained references to specialization of labour and production. But it was his pupil Aristotle that made some of the most familiar arguments, still in economic discourse today.

Read more about this topic:  History Of Economic Thought

Famous quotes containing the words early, economic and/or thought:

    The secret of heaven is kept from age to age. No imprudent, no sociable angel ever dropt an early syllable to answer the longings of saints, the fears of mortals. We should have listened on our knees to any favorite, who, by stricter obedience, had brought his thoughts into parallelism with the celestial currents, and could hint to human ears the scenery and circumstance of the newly parted soul.
    Ralph Waldo Emerson (1803–1882)

    ... the living, vital truth of social and economic well-being will become a reality only through the zeal, courage, the non-compromising determination of intelligent minorities, and not through the mass.
    Emma Goldman (1869–1940)

    They use thought only to justify their injustices, and speech only to disguise their thoughts.
    Voltaire [François Marie Arouet] (1694–1778)