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The Tradition of Economic Thought in the Mediterranean World from the Ancient Classical Times Through the Hellenistic Times Until the Byzantine Times and Arab-Islamic World

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Handbook of the History of Economic Thought

Part of the book series: The European Heritage in Economics and the Social Sciences ((EHES,volume 11))

Abstract

Since modern economics is generally considered to have begun with the publication of Adam Smith’s An Inquiry into the Nature and Causes of the Wealth of Nations in 1776, a survey and investigation of pre-Smithian economic thought requires some justification. Such an effort must offer both historical and methodological support for its contribution to the study of the history of modern economics.

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Notes

  1. 1.

    Schumpeter (1954 [1994], pp. 73–74).

  2. 2.

    Lowry (1973, 1987b, p. 5).

  3. 3.

    Karayiannis and Drakopoulos-Dodd (1998, p. 164).

  4. 4.

    van Dieten (1979, pp. 5–6, not. 16).

  5. 5.

    Lowry (1996, pp. 707–708).

  6. 6.

    Baeck (1997, p. 146). It is evident that we meet descriptions of economic life and matters in Zoroaster’s law-book and in the Codex Hammurabi. Cf. Kautz (1860, pp. 90–91). In the Talmudic tradition, the ethical aspect of the labor has been praised. Cf. Ohrenstein and Gordon (1991, pp. 275–287). For an overview of the economic ideas of the population round the Mediterranean, see Spengler (1980, pp. 16–38) and Baloglou and Peukert (1996, pp. 19–21).

  7. 7.

    Baeck (1994, pp. 47–49).

  8. 8.

    Rousseau (1755, pp. 337–349 [1977, p. 22]).

  9. 9.

    Reumann (1979, p. 571).

  10. 10.

    Brunner (1968, pp. 103–127).

  11. 11.

    Brunner (1949, 1952).

  12. 12.

    Diehl (1949, Fasc. 1, Fr. 2, Vv. 1–2, 6–7). Cf. Descat (1988, p. 105).

  13. 13.

    Diehl (1949, Fasc. 3, Fr. 7). Cf. Kakridis (1962, p. 3–10).

  14. 14.

    Diehl (1949, Fasc. 3, Fr. 7, Vv. 84–87, 90–91).

  15. 15.

    Diehl (1949, Fasc. 3, Fr. 6). This idea borrows Semonides from Hesiod, Works and Days, Vv. 102–103.

  16. 16.

    For exceptions, see Schefold (1992, 1997, p. 131), Maniatis and Baloglou (1994, pp. 23–24), and Baloglou (1995).

  17. 17.

    Schefold (1997, p. 106).

  18. 18.

    Vlastos (1945, pp. 578–592).

  19. 19.

    For a more detailed analysis of Democritus’ economic ideas, see Karayiannis (1988) and Baloglou (1990).

  20. 20.

    Despotopoulos (1991, pp. 31–51, 1997, pp. 53–56).

  21. 21.

    Sophocles, Electra 190; Aischylos, Agamemnon 155; Alexis, Crateuas or the Medicine Man 1.20, in Kock 1880–1888, vol. 2, F. 335; An unknown comic poet in Kock 1880–1888, vol. 3, F. 430. Cf. also Horn (1985, pp. 51–58).

  22. 22.

    Vogel (1895, p. 38), Hodermann (1896, p. 11; 1899, ch. 1), Roscalla (1990, pp. 207–216), and Baloglou and Peukert (1996, pp. 49–53).

  23. 23.

    Lowry (1987a, p. 147).

  24. 24.

    Karayiannis (1992, p. 77) and Houmanidis (1993, p. 87).

  25. 25.

    As Lowry (1987c, p. 12) comments: “The Greek art of oikonomia, a formal, administrative art directed toward the minimization of costs and the maximization of returns, had as its prime aim the efficient management of resources for the achievement of desired objectives. It was an administrative, not a market approach, to economic phenomena.” See also Lowry (1998, p. 79).

  26. 26.

    For an exception, see Kousis (1951, pp. 2–3) and Koslowski (1979a, pp. 62–63). Cf. also Koslowski (1979b).

  27. 27.

    Rose (1863, p. 181, Fr. XXXIII).

  28. 28.

    Despotopoulos (1998, p. 96).

  29. 29.

    Brown (1982, pp. 17–172).

  30. 30.

    Newman, vol. I (1887, p. 187) and Polanyi (1968, p. 92): “Chrematistike was deliberately employed by Aristotle in the literal sense of providing for the necessaries of life, instead of its usual meaning of ‘money-making.’” See Barker (1946, p. 27). See an extensive analysis in Egner (1985, ch. 1).

  31. 31.

    Hoven van den (1996, p. 101).

  32. 32.

    Susemihl and Hicks (1894, p. 171 and 210). Maffi (1979, p. 165) against Polanyi’s thesis; Pellegrin (1982, pp. 638–644), Venturi (1983, pp. 59–62), Schefold (1989, p. 43), and Schütrumpf (1991, pp. 300–301).

  33. 33.

    Meikle (1995).

  34. 34.

    Meyer (1892, p. 110), Stern (1921, p. 6), and Schefold (1997, p. 128).

  35. 35.

    Marx (1867 [1962], p. 146).

  36. 36.

    Finley (1970, p. 18).

  37. 37.

    The only goods which Aristotle exempts from diminishing utility are “goods of the soul,” physic goods. “The greater the amount of each of the goods of the soul,” he says, “the greater is its utility” (Aristotle, Politics 1323b). Cf. Lowry (1987c, p. 19).

  38. 38.

    Radermacher (1921, pp. 284–286) and Spahn (1984, p. 315).

  39. 39.

    There are also other examples in the classical tragedy which seem quite interesting, because of the connection between the issue of managing the Oikos effectively and managing of the Polis. Cf. Euripides, Electra 386 ff.

  40. 40.

    Andreades (1992, p. 250, not. 3).

  41. 41.

    Schütrumpf (1991, pp. 175–176).

  42. 42.

    See Strauss (1970, p. 87) for a discussion of this passage.

  43. 43.

    Reuman (1980, p. 377).

  44. 44.

    Lowry (1987a, p. 57, 1987c, 1995, 1998).

  45. 45.

    Trever (1916, p. 9) evidently had this point in mind when he observed that “Aristotle struck the keynote in Greek economic thought in stating that the primary interest of economy is human beings rather than inanimate property.” In a conversation between Cyrus and his father in the Cyropaedia (I VI 20–21), we are presented with the clearest kind of analysis of successful administrative control over men.

  46. 46.

    Cf. Bullock (1939, pp. 156–159).

  47. 47.

    Conomis (1970).

  48. 48.

    Aristotle, Politics VI 5, 1319 b33–1320 b18. For a comparison between Aristotle’s proposals and Xenophon’s program in Poroi, cf. Schütrumpf (1982, pp. 45–52, esp. pp. 51–52) and Baloglou (1998d).

  49. 49.

    Hypereides, For Euxenippos, col. XXIII 1–13, col. XXXIX 16–26 (edit. by Jensen 1916).

  50. 50.

    This advice is based on Isocrates’ account of the ways of the rich in Athens in the days of Solon and Cleisthenes. Isocrates, Areopagiticus 32. Cf. Newman (1887, vol. IV, p. 535).

  51. 51.

    Cardini (1962, p. 262), quoted by Mattei (1995, pp. 72–74).

  52. 52.

    Archytas’ proposal is set up on justice. The existence of justice will bring the welfare in the Oikos and in Polis. Iamblichus, De Vita Pythagorica, cap. XXX, 169.

  53. 53.

    Psalidopoulos (1997, pp. 15–16) and Baloglou (2001a).

  54. 54.

    Baloglou (1998d, pp. 50–55).

  55. 55.

    For example, see Ingram (1888 [1967], pp. 5, 8) and Eisenhart (1891, pp. 2–3).

  56. 56.

    Engels (1988, pp. 90–134) for an evaluation of the proposals in the Lycurgean era.

  57. 57.

    Roscher (1861, p. 7).

  58. 58.

    Glaser (1865, p. 313) expressed the view that we do not find any interesting economic topics during this period. Other works, though not extensively, are dealing with the economic thought in the Hellenistic period, such as Bonar (1896, ch. III), Trever (1916, pp. 125–145), Stephanidis (1948, pp. 172–181), Tozzi (1955, pp. 246–286, 1961, pp. 209–242), and Spiegel (1971, pp. 34–39) on the Cynics, Stoics and Epicureans (on p. 672 an interpretative bibliography); Baloglou and Constantinidis (1993, pp. 163–177), Baloglou (1995, ch. 11). The interesting paper by Natali (1995) is dealing with the term “oikonomia” in the Hellenistic period.

    In recent studies, Baloglou (1998a, 1998c, 1999a, 2002a, 2004a) I dealt with the economic philosophy of the Early Stoics and Cynics. For the economic philosophy of the Cynic Crates of Thebes, see Baloglou (2000b).

  59. 59.

    Heinze (1892, Fr. 92, 94, 98).

  60. 60.

    Hodermann (1896, pp. 17–18) and Maniatis and Baloglou (1994, p. 52).

  61. 61.

    Susemihl (1887) and Groningen and Wartelle (1968).

  62. 62.

    Jensen (1907) and Hodermann (1896, pp. 37–40) for a summary statement of his teaching (Maniatis and Baloglou 1994).

  63. 63.

    Cf. Diog. Laert. IV 4: Speusippus; Diog. Laert. IV II: Xenocrates; Diog. Laert. V 22: Aristotle; Diog. Laert. V 47: Theophrastus; Diog. Laert. VI 80: Diogenes; Diog. Laert. VII 167: the Stoic Dionysius; Diog. Laert. VII 178: the Stoic Sphairos; Diog. Laert. X 24: the Epicurean Metrodorus.

  64. 64.

    Arnim (1992, p. 309: Appendix II).

  65. 65.

    Baloglou (1992).

  66. 66.

    See Hodermann (1896, p. 43) and Trever (1916 p. 127).

  67. 67.

    Natali (1995, p. 97).

  68. 68.

    Descat (1988, p. 107).

  69. 69.

    Rostovtzeff (1941, vol. I, pp. 278, 352).

  70. 70.

    Landvogt (1908).

  71. 71.

    Wehrli (1967, pp. 28–29, Fr. 67–72). This idea may have been, at any rate indirectly, parent of the ideas of the mixed constitution expounded afterwards by Polybius and Cicero. Cf. Barker (1956, pp. 49–50) and Aalders (1968, pp. 78–81).

  72. 72.

    Wehrli (1967, pp. 22–25, Fr. 47–49).

  73. 73.

    Varro, Rerum rustic. II 1, 3 in Wehrli (1967, p. 22, Fr. 48).

  74. 74.

    Cf. Pöhlmann (1925, vol. I, p. 88, n. 1).

  75. 75.

    See for instance Wilcken (1901, p. 187), Andreades (1915, p. 27), and Kousis (1951, p. 69).

  76. 76.

    Andreades (1930).

  77. 77.

    The relation and connection of these three works have been pointed out. Cf. Riezler (1907, pp. 37–43), Schlegel (1909, pp. 6–7), and Ruggini (1966, pp. 207–208). Cf. also Klever (1986).

  78. 78.

    Papalexandris (1969, p. 12).

  79. 79.

    Wilcken (1901, p. 187), Andreades (1915, p. 27), and Armstrong (1935, p. 323).

  80. 80.

    Lowry (1979, p. 68).

  81. 81.

    Like Hippias’ reforms: Oeconomica B II 4, 1347 d4–8. See Sterghiopoulos (1944 [1948]).

  82. 82.

    Oeconomica B II 3, 1346 b24–25 on the citizens of Byzantium, who “the right of changing money sold to a single band….” Cf. Groningen (1925, pp. 211–222) and Newskaja (1955, pp. 54–56).

  83. 83.

    Laurenti (1968, pp. 137–157).

  84. 84.

    Nails (1989, pp. 291–297) and Natali (1995, pp. 52–56).

  85. 85.

    Jackson (1982–1983, p. 155) and Zonta (1996, p. 550).

  86. 86.

    Brunner (1949), Goldbrunner (1968, pp. 210–212), and Soudek (1968, p. 71). Cf. Menut (1940) for Oresme’s French translations with commentary.

  87. 87.

    Soudek (1958, p. 260, 1976) and Jackson (1992, 1995).

  88. 88.

    Martines (1963, pp. 326–327) and Jackson (1992, pp. 236–237).

  89. 89.

    Baron (1928, pp. 121, 8–10).

  90. 90.

    Baron (1928, p. 120).

  91. 91.

    G. Galdiera, De oeconomia (1463); Fr. Barbaro, De re uxoria (1415), a work dedicated to Lorenzo de Medici; E. Barbaro, De coelibatu (1471–1472). Cf. King (1976, pp. 22–48).

  92. 92.

    Alberti (1994), cf. Bürgin (1993, p. 212).

  93. 93.

    Furlan (1994, pp. 438–439).

  94. 94.

    Burckhardt (1860 [1997], pp. 275–276). Ponte (1971, pp. 306–308, quoted by Goldbrunner 1975, pp. 114–115; Baeck 1997).

  95. 95.

    Brunner (1949, pp. 237–280, 300–312, 1952).

  96. 96.

    It was King (1948, pp. 230–231) who discovered Turquet’s work. Cf. Bürgin (1993, p. 212).

  97. 97.

    Andreades (1933, pp. 81–82). Cf. also Baloglou (1999b, pp. 34–35).

  98. 98.

    Backhaus (1989, pp. 7–8, 1999, p. 12).

  99. 99.

    Perrotta (2000, p. 118).

  100. 100.

    Theodorides (1957).

  101. 101.

    Usener (1887, p. 302 Fr. 473; p. 303, Fr. 476).

  102. 102.

    Trever (1916, p. 130) and Shipley (2000, p. 183).

  103. 103.

    Natali (1995, pp. 109–110).

  104. 104.

    Barker (1956, pp. 179–180).

  105. 105.

    Barker (1956, p. 173, 181). For the description of his theory of the development of the Society. See Lovejoy and Boas, George 1973.

  106. 106.

    Sudhaus (1906).

  107. 107.

    Perrotta (2003, p. 208).

  108. 108.

    For the text of the work see Jensen (1907). For a systematic description of all editions and translations of this work see Baloglou and Maniatis (1994, pp. 139–140).

  109. 109.

    Hartung (1857, p. 7), Baloglou and Maniatis (1994, p. 125), and Natali (1995, p. 110).

  110. 110.

    This is apparently Schoemann’s (1839) view.

  111. 111.

    Natali (1995, p. 111).

  112. 112.

    Baloglou and Maniatis (1994, p. 130).

  113. 113.

    Tarn (1930, p. 325).

  114. 114.

    Habicht (1958, pp. 1–16) and Chroust (1965, p. 173).

  115. 115.

    Baloglou (2002a).

  116. 116.

    Barker (1956, p. 157). See also Schofield (1991, ch. 1).

  117. 117.

    Reumann (1980, p. 370, n. 6).

  118. 118.

    Reumann (1980, p. 370).

  119. 119.

    It is always difficult to know in which philosophical school Dio should be placed. He is considered a Cynic by Paquet (1975), Blumentritt (1979), Schmitt (1972), Long (1974), and Dudley (1937, pp. 148–157). Barker (1956, p. 295), Jones (1978), and Moles (1978) regard him a both a Cynic and a Stoic. They are of the opinion that Dio was especially attracted to Cynicism during his exile (ad 82), but he rejected it during the last years of his life. Moles (1978) regards Dio as a person who throughout his life was a Cynic, a Stoic, and a Sophist. Jones (1978) finally prefers to see Dio as a Stoic. Brunt (1973, pp. 210–211) and Hoven van den (1996, p. 27) consider Dio to be a Stoic.

  120. 120.

    Barker (1956, pp. 295–296), Triantaphyllopoulos and Triantaphyllopoulos (1974, pp. 34–40), and Triantaphyllopoulos (1994, p. 12).

  121. 121.

    Compare Xenophon, Oeconomicus IV 24 – V 17. Cato, De agricultura, preface; Livy VIII 20, 4. Brunt (1973, p. 213) remarks correctly with reference to Dio’s comment that farmers make such good soldiers: “He does not feel the irrelevance of this ancient platitude to the normal conditions of a Greek city under the Roman peace, nor (if he was speaking at Rome) to those which obtained in the capital itself or throughout Italy; under Trajan the whole peninsula now furnished few legionaries.” Cf. Garnsey (1980, p. 37) who believes that the emergence and promotion of the myth of the peasant patriarch came just at a time when the process of peasant displacement and the concentration of estates in the hands of the rich was spending up.

  122. 122.

    Jones (1978, p. 60) and Grassl (1982, pp. 149–152).

  123. 123.

    All these texts have been edited by Thesleff (1965). For a philological analysis of the survived fragments see Wilhelm (1915).

  124. 124.

    Baloglou and Constantinidis (1996, p. 49).

  125. 125.

    Plessner (1928, pp. 218–219).

  126. 126.

    Plessner (1928, p. 218, 16–219, 20).

  127. 127.

    Natali (1995, p. 105).

  128. 128.

    Plessner (1928, p. 219).

  129. 129.

    Plessner (1928, p. 219, 21–33).

  130. 130.

    Moles (1995, pp. 141–142, 1996, p. 111). For an overview of the cynic doctrines. See Branham and Goulet-Caze (1996, pp. 1–27).

  131. 131.

    Hock (1976, pp. 41–53)  =  Billerbeck (1991, pp. 259–271).

  132. 132.

    Smith (1993, F 56) and Diogenes of Oenoanda (1998, p. 90).

  133. 133.

    Trever (1975, p. 131) and Eleutheropoulos (1930, p. 57).

  134. 134.

    Cf. Bayonas (1970, p. 49).

  135. 135.

    See Aalders (1975, p. 57) and Ferguson (1975, pp. 91–97).

  136. 136.

    Trever (1975, pp. 138–139).

  137. 137.

    Brown (1949, pp. 1–23).

  138. 138.

    Goulet-Caze and Lopez (1994, p. 271). It is not an exaggeration, we believe, if we compare Cercidas with Solon, who combined in his time the art of the poem and philosopher with that of the statesman.

  139. 139.

    It is worth noting that Cleomenes’ reforms, which had a great success, led to an attack by Cercidas (Baloglou 2004a).

  140. 140.

    López-Gruces (1995, p. 251, Vv. 31–32).

  141. 141.

    Tarn (1930, p. 102).

  142. 142.

    Dudley (1937 [1973], pp. 78–79).

  143. 143.

    For instance the comic Menander, who was Theophrastus’ disciple (Diog. Laert. V 36–37). See Tsekourakis (1977, pp. 384–399).

  144. 144.

    For example by Gregor of Nazianz, who emphasized and annotated Cercidas’ thought. See Gregor of Nazianz “De virtute,” PG XXXVII (1862) col. 723. Cf. Asmus (1894 [1991]).

  145. 145.

    Rohde (1893), Cf. also Rohde (1914 [1974]).

  146. 146.

    Rohde (1914, p. 203).

  147. 147.

    Rohde (1914, p. 203) and Brown (1949, p. 61).

  148. 148.

    All the existing material concerning Euhemerus’ life and work has been collected by Winiarczyk (ed.) (1991).

  149. 149.

    Murray (1970, pp. 143–144).

  150. 150.

    Pöhlmann (1925, p. 291) points out “eine Idealschilderung des alten Pharaonenstaates.”

  151. 151.

    Jacoby (1912, col. 2763) and Murray (1970, p. 159).

  152. 152.

    Tarn (1930, pp. 50–51) and Murray (1970, p. 160).

  153. 153.

    Steinwerter (1946 [1947]).

  154. 154.

    Thus Dörrie (1967, col. 415) and Panagopoulos (1992–1993, p. 160).

  155. 155.

    Mossé (1969, p. 303). Kytzler (1973, p. 67), however, contends that there is a certain hierarchical order because men “have” the wives in common (Diod. Sic. II 58, 1), because women are not considered apt to rule their group, and because there is the authority that is always exercised by the oldest man in the group. It should, however, be noted that for ancient conceptions egality is very great in Iambulus and that only the modern mind can trace here some remnants of hierarchical structures.

  156. 156.

    Mossé (1969, p. 304) and Huys (1996, p. 49).

  157. 157.

    For a recent analysis of Iambulus’ economic thought, see Baloglou (2000a, pp. 19–31). A full bibliography is given at pp. 21–22, not. 3; cf. Baloglou (2000c, pp. 159–172).

  158. 158.

    Tarn (1939, p. 41, 1948) and Baldry (1965, pp. 113–115).

  159. 159.

    Chroust (1965, p. 177).

  160. 160.

    Baldry (1959, p. 11). Zeno is rejecting institutions which Plato had allowed in the Laws: temples (VI 771 a-7; 778 c4), law-courts (VI 766 d5; 778 d2), and gymnasia (VI 778d). Cf. Baloglou (1998c, pp. 27–28).

  161. 161.

    Muller (1878, vol. II, Liber IV, pp. 397–430).

  162. 162.

    Pudendorf (1759 [1967], Liber V, ch. I, § VI, p. 675).

  163. 163.

    Long ((1974) [1990], p. 172).

  164. 164.

    Barker (1956, pp. 167–168).

  165. 165.

    Cf. Sismondi (1819, p. 10), Ingram (1888, p. 19) who denied for a contribution of the Romans to the evolution of economic thought. For a different view which does refer to the contribution of the Romans, see Barbieri (1958, pp. 72–73, 1964, pp. 893–926) and Tozzi (1961).

  166. 166.

    Kautz (1860, pp. 162–164) and Stephanidis (1948, vol. I, pp. 190–192).

  167. 167.

    Riecke (1861), Kautz (1860, pp. 164–165), Stephanidis (1948, vol. I, pp. 192–193); Cf. also Harrison (1913).

  168. 168.

    Kautz (1860, pp. 165–166), Gertrud (1926), and Stephanidis (1948, pp. 194–195).

  169. 169.

    It is worth to note, and still unknown, that the Romans quoted as an authority Theophrastus, Aristotle’s pupil and successor in Lyceum, who wrote περί συμβολαίων (Cicero, De finibus V 4; Dig. 1, 3, 6  =  Dig. 5, 4, 3 Paulus on legislators). A precious fragment on sale, perhaps however inaccurately transmitted, has survived. Cf. Pringsheim (1950, pp. 134–142).

  170. 170.

    Salin (1963, pp. 160–161) and Schumpeter (1954, pp. 69–70). For the economic concept in the Roman Law see von Scheel (1866, pp. 324–344), Bruder (1876, pp. 631–659), and Oertmann (1891).

  171. 171.

    Perrotta (2003, p. 212).

  172. 172.

    Vivenza (1998, pp. 292–293).

  173. 173.

    See e.g., Marget (1938 [1966], vol. I, p. 9), Heckscher (1935, vol. II p. 225), Kemmerer (1907, p. 2) and Wicksell (1936, p. 8).

  174. 174.

    Nicolet (1984, p. 107) and Vivenza (1998, p. 293).

  175. 175.

    Monroe (1923, p. 11) and Hegeland (1951, pp. 12–13).

  176. 176.

    De Martino (1991, p. 169) and Maloney (1971, pp. 93–94).

  177. 177.

    Haney (1949, p. 76) and Moser (1997a, pp. 7–8).

  178. 178.

    Haney (1949, pp. 78–79).

  179. 179.

    On the moderate attitude of Cicero toward riches see Tozzi (1961, pp. 55–56, 289–308) and Perrotta (2003, p. 211).

  180. 180.

    For comments on De Officiis see Schefold (2001, pp. 5–32) and Vivenza (2001, pp. 97–138).

  181. 181.

    Hammond (1951, pp. 81–83) and Barker (1956, pp. 185–186).

  182. 182.

    Baeck (1997, p. 159).

  183. 183.

    Mase-Dari (1901) and Eliopoulos (1973, pp. 146–170).

  184. 184.

    Barnes (1924, pp. 57–58).

  185. 185.

    Mandenville (1924, vol. 2, p. 145).

  186. 186.

    Smith (1937, p. 11).

  187. 187.

    Mandenville (1924, vol. 2, pp. 143–144).

  188. 188.

    Foley (1974, p. 223).

  189. 189.

    Scott (1937, pp. 336–338).

  190. 190.

    Smith (1937, pp. 5–6, § 11–12).

  191. 191.

    Smith in the “Early Draft,” in Scott (1937, p. 336).

  192. 192.

    Seneca, Epistles XC 25 with Smith (1937, p. 336).

  193. 193.

    Seneca, Epistles XC 11–13 (mining) and XC 25 (shorthand writing) with Smith (1978, p. 160).

  194. 194.

    Perrotta (2003, pp. 212–213).

  195. 195.

    Another example which does prove this continuity in economic thought is Fr. Hutcheson’s acknowledgement to Cicero on the description of the social division of labor. Indeed, Francis Hutcheson (1694–1747) does repeat in his System of Moral Philosophy, vol. I, London (1755, p. 290), Cicero’s passage in De officiis II, chaps. 3–5.

  196. 196.

    Katsos (1983, pp. 182–184). Karayiannis (1994, p. 39).

  197. 197.

    Viner (1978, p. 13).

  198. 198.

    Boas (1948, pp. 15–53) for the combination in the Patristic period of pagan “golden age” and biblical “Garden of Eden” ideas.

  199. 199.

    Gordon (1975, pp. 91–92).

  200. 200.

    The literature on the ethico-economic ideas of the Eastern Christian Fathers is extremely large. Bougatsos 1 (1980, 1988  2) offers in his three-volume work a collection of those passages from the works of the Fathers which provide a social character. For an overview of the economic ideas of the Eastern Fathers, see Stephanidis (1948, pp. 248–279), Thurn (1961), Reumann (1961, pp. 370–379), Chrestou (1973, vol. III, pp. 291–297), Spentzas (1984, pp. 193–201), Houmanidis (1990, pp. 194–201), Baeck (1996, pp. 538–540), and Karayiannis and Drakopoulou-Dodd (1998). On the meaning of “oikonomia” in the patristic thought, see the two dissertations by Lillge (1955) and Thurn (1961).

  201. 201.

    Viner (1978, pp. 18–20), Gotsis (1997, pp. 30–32), and Baloglou (2003a, pp. 77–80).

  202. 202.

    Hoven van den (1996, pp. 139–140).

  203. 203.

    Savramis (1965, p. 28).

  204. 204.

    Stephanidis (1948, p. 260), Drack (1960, pp. 412–413), and Savramis (1965, pp. 29–32).

  205. 205.

    Stephanidis (1948, pp. 278–279).

  206. 206.

    The literature on the ideas of the Eastern Christian Fathers concerning usury is extensively large. It seems to be an issue which has been covered until today. See, e.g., Maloney (1973, pp. 241–265), Gordon (1982, pp. 421–424), Bianchi (1983, pp. 321–342, 1984, pp. 136–153), Siems (1992), Osborn (1993, pp. 368–380), Kompos (1996, pp. 155–164), Gotsis (1997, pp. 40–41), Moser (1997a, b), and Schefold (2000a, pp. 149–151).

  207. 207.

    Wilks (1962, pp. 533–542), Ste Croix (1975, pp. 1–38), Viner (1978, pp. 18–22), Kontoulis (1993, pp. 119–378), and Nikolaou (1996, pp. 476–478).

  208. 208.

    Gotsis (1997, pp. 15–50, 53).

  209. 209.

    Gotsis (1997, pp. 53–54).

  210. 210.

    Hunger (1994, vol. III, p. 316) and Gotsis (1997, p. 58).

  211. 211.

    Beck (1970, pp. 379–380) and Karayannopoulos (1992, pp. 13–14).

  212. 212.

    Bryce (1904, pp. 342–344).

  213. 213.

    Laiou (1999, p. 128).

  214. 214.

    Laiou (1999, p. 129).

  215. 215.

    Laiou (1999, pp. 118–124, 129).

  216. 216.

    Lemerle (1981, p. 264).

  217. 217.

    Hunger (1994, vol. III, pp. 88–89).

  218. 218.

    The text has been published by Ioannou (1971, pp. 64–132).

  219. 219.

    Kazhdan (1983, pp. 549–550).

  220. 220.

    Ioannou (1971, pp. 74, 11–22).

  221. 221.

    Kazhdan (1983, p. 550).

  222. 222.

    Laiou-Thomadakis (1972, Appendix).

  223. 223.

    Wassiliewsky and Jernstedt (1896) and Barker (1957, pp. 120–125).

  224. 224.

    Kekaumenos, Strategicon § 20, 22, edit. Tsougkarakis (1996, pp. 82–84).

  225. 225.

    It is interesting to note, at by some way surprisingly, that the term appears in twelfth century by Gottfried von Viterbo (ca. 1125–1192), Speculum regum (1180/83). Cf. Hadot (1972, col. 556).

  226. 226.

    Barker (1957, pp. 54–63). The text by Riedinger (1995, pp. 25–77). For a German translation see Blum (1981, pp. 59–80). Cf. Henry (1967, pp. 281–308), Sevčenko (1978, pp. 3–44), and Letsios (1985, pp. 172–210).

  227. 227.

    Isocrates, or. 2 ad Nicoclem; or. 9 Euagoras. There belong also Xenophon’s works Cyropaedia, Agesilaos, Hieron to this tradition.

  228. 228.

    This ideal of the “Nomos empsychos” has been adopted by the Neopythagoreans Sthenidas, Diotogenes and Ekphantos. Cf. Steinwerter (1946, pp. 250–268) and Aalders (1968, pp. 315–329).

  229. 229.

    Jones (1997, pp. 149–152) and Engels (1999, p. 138).

  230. 230.

    Skinner (1988, pp. 423–424).

  231. 231.

    Essid (1987, pp. 77–102).

  232. 232.

    Cf. Moss (1996, p. 540) who adopted Essid’s view.

  233. 233.

    Hadot (1972, cols. 555–632).

  234. 234.

    Bickermann (1976, pp. 109–136), Hadot (1972, cols. 587–588), and Tcherikover (1958, pp. 59–85). For a summary of Tcherikover’s analysis, see Fouyas (1995, pp. 167–183).

  235. 235.

    Blum (1981, pp. 39–41).

  236. 236.

    Blum (1981, pp. 54–55).

  237. 237.

    Blum (1981, pp. 81–98).

  238. 238.

    Barker (1957, pp. 151–198).

  239. 239.

    Blum (1981, pp. 99–193). For an evaluation of the two treatises, which have also an ethico-economic character, see Baloglou (1999c, pp. 61–68).

  240. 240.

    Runciman (1970).

  241. 241.

    Baloglou (1998b, pp. 406–413) and the mentioned literature.

  242. 242.

    Runciman (1970, pp. 1–2).

  243. 243.

    Barker (1957, p. 49).

  244. 244.

    Gill (1964), Kristeller (1974, vol. I, pp. 50–68, 225–226, 252–257, 1976, vol. II, pp. 101–114, 270) (on the Platonic Academy). Fouyas (1994, pp. 315–372).

  245. 245.

    Pantazopoulos (1979, pp. 130–138).

  246. 246.

    Runciman (1952, pp. 27–31) and van Dieten (1964, pp. 273–299).

  247. 247.

    It is evident by Cabasilas’ and Magister’s proposals who do refer to Plato, Solon, and the Cappadoceans. See Baloglou (1996, 1999c, pp. 61–68).

  248. 248.

    Cf. Baloglou (1999c, p. 67).

  249. 249.

    Masai (1956, p. 87).

  250. 250.

    Bargeliotes (1989, pp. 30–31).

  251. 251.

    Bargeliotes (1993, p. 104).

  252. 252.

    Lampros (1930, vol. IV, pp. 113–135). For an English translation of this memorandum see Baloglou (2003b, pp. 26–35). For a German translation with commentary see Blum (1988, pp. 151–172).

  253. 253.

    Lampros (1926, vol. III, pp. 246–265). For an English translation of this memorandum see Baloglou (2003b, pp. 36–42). For a German translation with commentary see Blum (1988, pp. 151–172).

  254. 254.

    Blum (1981, pp. 30–59), Baloglou (2002c, pp. 110–114), and Triantare-Mara (2002).

  255. 255.

    Spentzas (1964, pp. 122–123) and Baloglou (2001b, ch. 3).

  256. 256.

    Spentzas (1964, pp. 114–115, 135, 139) and Baloglou (2001b, ch. 2).

  257. 257.

    For an evaluation of Gemistos’ economic ideas and their evolution in the History of Economic Thought, see Spentzas (1996), Baloglou (1998e, 2002b, pp. 12–19), and Karayiannis (2003).

  258. 258.

    Spiegel (1991, p. 691).

  259. 259.

    Lampros (1906, pp. 12–50, 1930, vol. IV, pp. 32–45) and Mohler (1942, pp. 439–449).

  260. 260.

    For an evaluation of Bessarion’s economic ideas see Baloglou (1991/92) and Mavromatis (1994, pp. 41–50).

  261. 261.

    Hosseini (1998, p. 655, n. 3).

  262. 262.

    Essid (1987, pp. 83–84).

  263. 263.

    Essid (1995, pp. 155–157), Ghazanfar (2000, pp. 16–17), and Ghazanfar (ed.) (2003, pp. 53–71).

  264. 264.

    Essid (1987, p. 82). See Kuran (1987, pp. 103–114).

  265. 265.

    Essid (1992, pp. 40–41) and Baloglou and Constantinidis (1996, pp. 46–55).

  266. 266.

    See Plessner (1928). Cf. Bouyges (1931, pp. 259–260).

  267. 267.

    Essid (1995).

  268. 268.

    He identifies as part of one’s calling three reasons why one must pursue economic activities: (a) self-sufficiency, (b) the well-being of one’s family and (c) assisting others in need. Anything less would be religiously “blameworthy.” Cf. Ghanzafar and Islahi (1990, p. 384) and Ghazanfar (ed.) (2003, pp. 381–403).

  269. 269.

    Essid (1987, pp. 84–86).

  270. 270.

    Cf. Baloglou (2004b).

  271. 271.

    I also used the Greek translation of Issawi’s work entitled An Arab Philosophy of History. Selections from the Prolegomena of Ibn Khaldun of Tunis (1332–1406) (London 1955), Athens: Kalvos, 1980 and the German translation in Schefold (2000b, pp. 103–164).

  272. 272.

    For an evaluation and presentation of Ibn Khaldun’s economic thought see Bousquet (1955) quoted in Houmanidis (1980, p. 443, not. 6), Bousquet (1957, pp. 6–23), Spengler (1964), Andic (1965), Boulakia (1971), Haddad (1977), Essid (1987, pp. 89–92), Baeck (1990, 1994, 1996, 1997, pp. 3–19), Schefold (2000 b, pp. 5–20), and Essid (2000, pp. 55–88).

  273. 273.

    Spengler (1964, p. 269).

  274. 274.

    Essid (1987, pp. 90–93).

  275. 275.

    To give a few examples, see Andic (1965, pp. 23–24), Boulakia (1971, pp. 117–118), and Haddad (1977, pp. 195–196).

  276. 276.

    I. Khaldun, The Muquaddimah, vol. 2, p. 274: “God created the two mineral ‘stones’, gold and silver, as the measure of value for all capital accumulations. Gold and silver are what the inhabitants of the world, by preference, consider treasure and property to consist of.”

  277. 277.

    Andic (1965, p. 24).

  278. 278.

    Boulakia (1971, p. 1117).

  279. 279.

    For a comparison between the economic thought of these scholars see Baloglou (2002b).

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Appendix

Appendix

This table shows the relation of the authors who lived in the Mediterranean and the evolution of their works.

Year

Name

Works

ca. 700 bc

Hesiod

Works and days (Hesiod)

638 bc

*Solon

 

ca. 600 bc

*Semonides of Keos

 

594/3 bc

 

Seisachtheia (Solon)

559 bc

Solon+

 

470/460 bc

*Democritus

 

469 bc

*Socrates

 

450 bc

*Antisthenes

 

436 bc

*Isocrates

 

430 bc

*Xenophon

 

428/7 bc

*Plato

 

415 bc

*Diogenes the Cynic

 

399 bc

Socrates+

 

393–91 bc

 

Trapezitikos (Isocrates)

390 bc

Democritus+

 

384 bc

*Aristotle

 

*Xenocrates

380 bc

*Theopomp

Politeia (Plato)

Oikonomikos (Xenophon)

Panegyricus (Isocrates)

372 bc

*Theophrastus

 

370 bc

Antisthenes+

 

355 bc

Xenophon+

Poroi (Xenophon)

On Peace (Isocrates)

354 bc

 

Areopagiticus (Isocrates)

348 bc

Plato+

Nomoi (Plato)

341

*Epicurus

 

338 bc

Isocrates+

 

335/323 bc

 

Politics; Nicomachean

Ethics (Aristotle)

334

*Zeno of Citium

 

323 bc

Aristotle+

 
 

Diogenes the Cynic+

 

314 bc

Xenocrates+

 

314/01 bc

 

Politeia (Zeno)

300 bc

Theopomp+

 

290/80 bc

 

Hiera Anagraphe (Euhemerus)

287 bc

Theophrastus+

 

281 bc

*Chryssipus

Kyriai Doxai (Epicurus)

270/69 bc

Epicurus+

 

264 bc

Zeno of Citium+

 

250 bc

 

Cercidas of Megalopolis; his plea for social justice

234 bc

*Cato

 

233 bc

Cleanthes+

 

208 bc

Chryssipus+

 

Third century bc

 

Sun State (Iambulus)

154 bc

 

De agricultura (Cato)

149 bc

Cato+

 

116 bc

*Varro

 

110 bc

*Philodemus

 

106 bc

*Cicero

 

94 bc

*Lucretius

 

60–55 bc

 

Peri oikonomias (Philodemus)

56 bc

 

De Rerum Natura (Lucretius)

55 bc

Lucretius+

 

ca. 54–51 bc

 

De re publica (Cicero)

44 bc

 

De officiis (Cicero)

43 bc

Cicero+

 

40 bc

Philodemus+

 

37 bc

 

Rerum rusticarum libri III (Varro)

30 bc

*Philo Iudaeus

 

27 bc

Varro+

 

ca. 5 bc

*Seneca

 

23–24 ad

*Gaius Plinius the Older

 

ca. 35 ad

 

Beginning of the missionary work of St. Paul, which lasted for the 30 years down to his death about 64 ad; composition of his Epistles during these years

40 ad

*Dio of Chrysostom

 

45 ad

Philo Iudaeus+

 

50 ad

*Plutarch

 

58/59 ad

 

De vita beata (Seneca)

65 ad

Seneca+

 

77

 

Historia naturalis (Gaius Plinius the Older)

79

Gaius Plinius the Older+

 

98–104

 

Four discourses

On Kingship (Dio of Chrysostom)

100

 

Euboean oration (Dio of Chrysostom)

End of the first beginning of the second century ad

Epictetus

 

112

Dio of Chrysostom+

 

120

Plutarch+

 

121

*Marcus Aurelius

 

ca. 125

*Maximus of Tyros

 

150

*Clement of Alexandreia

 

ca. 150–185

 

Dialexeis (Maximus of Tyros)

ca. 172–180

 

Ta eis heauton (Marcus Aurelius)

180

Marcus Aurelius+

 

185

*Origenes

 

195

Maximus of Tyros+

 

ca. 190–200

 

On the Salvation of the Rich Man (Clement of Alexandreia)

217

Clement of Alexandreia+

 

ca. 220–230

 

Peri Archon (On the Principles) (Origenes)

ca. 246–248

 

Kata Kelsu (Against Celsus) (Origenes)

253/4

Origenes+

 

317

*Themistius

 

330

*Basileios

 

ca. 335

*Gregorius of Nyssa

 

354

*Augustinus

 

364

 

Speech on Kingship (Themistius)

373

*Synesius of Cyrene

 

Before 379

 

Ascetica; Hexaemeron (Basileios)

379

*Basileios+

 

ca. 380–383

 

Kata Eunomiu (Gregorius of Nyssa)

385

 

Logos katechetikos ho megas (Gregorius of Nyssa)

385/90

Themistius+

 

394

Gregorius of Nyssa+

On Kingship (Synesius of Cyrene)

ca. 400

 

Confessiones (Augustinus)

ca. 413–426

 

De civitate Dei (Augustinus)

414

Synesius of Cyrene+

 

430

Augustinus+

 

ca. 530

 

Ekthesis Kephalaion parainetikon…pros basilea (Agapetus Diakonus)

570

*Isidor of Sevilla

 

ca. 625–636

 

Etymologiarum sive originum libri XX (Isidor of Sevilla)

636

Isidor of Sevilla+

 

675

*Johannes of Damascus

 

731

*Abu Youssef Ya’coub

 

ca. 742–749

 

Pege gnoseos (Joh. of Damaskus)

749

Johannes of Damaskus+

 

780

 

Kitab-al-Kharaj (Book of Taxation) (Ya’coub)

798

Ya’coub+

 

800

Al-Kindi

 

ca. 845/850

*Isaac ben Salomon Israeli

 

873

*Al-Farabi (Alfarabius)

 

Before 873

 

Fi’l-’aql (Al-Kindi)

873

Al-Kindi+

 

940/950

 

Kitabal-Hudud war-rusum (Israeli)

940–950

Isaac ben Salomon Israeli+

 

ca. 941–950

 

Mabadi’ ara’ahl ad-madina al fadila (Al-Farabi)

950

Al-Farabi+

 

980

*Ibn Sina (Avicenna)

 

1018

*Michael Psellus

 

Before 1037

 

Tabbir Manzel (Household Management) (Avicenna)

1037

Avicenna+

 

1058

*Abu Hamid Al-Ghazali (Algazel)

 

1078

Michael Psellus+

 

1079

*Abaelardus

 

1070–1081

 

Strategicon (Kekaumenos)

1080–1090

 

Ihya Ulum al-Deen (Algazel)

1095

*Petrus Lombardus

 

1100

 

Instituto Regia (Theophylact archbishop of Bulgaria)

1111

Al-Ghazali+

 

1118–1140

 

Dialectica; Ethica seu liber dictus scito te ipsum, Sic et non (Abaelardus)

1126

*Ibn Rushd (Averroes)

 

1142

Abaelardus+

 

ca. 1150/52

 

Libri quattuor sententiarum (Petrus Lombardus)

1160

Petrus Lombardus+

 

1180

 

Tahafut-at-tahafut (Averroes)

1197

*N. Blemmydes

 

1198

Averroes+

 

1201

*Nasir Tusi

 

1206/07

*Albertus Magnus

 

1221

*Bonaventura

 

1225

*Thomas Aquinas

 

1254

 

Adrias Basilikos (N. Blemmydes)

1263

*Ibn Taymiyya

 

1266

*Duns Scotus

 

1267–1273

 

Summa Theologiae (Thomas Aquinas)

1270–1280

 

Summa Theologiae (Albertus Magnus)

1272

Nikephorus Blemmydes+

 

1273

 

Collationes in hexaemeron (Bonaventura)

1274

Nasir Tusi+

 

Thomas Aquinas+

Bonaventura+

1275

*Thomas Magister

 

1280

Albertus Magnus+

 

1285

*Wilhelm von Occam

 

ca. 1300

 

Quastiones subtilissimae super libros Metaphysicorum Aristotelis (Duns Scotus)

ca. 1300–1308

 

Ordinatio (Duns Scotus)

The Hisba in Islam (Ibn Taymiyya)

1308

Duns Scotus+

 

ca. 1317–1324

 

Scriptum in librum primum sententiarum, Summa totius logicae (Wilhelm von Occam)

1320

*Wyclif

 

ca. 1320–1325

*Nicolaus Oresmius

 

1324–1328

 

Peri basileias (De Regis Officiis) (Th. Magister) Peri politeias (Th. Magister) (De Subditorum Officiis)

1328

Ibn Taymiyya+

 

1332

*Ibn Khaldun

 

1349

Wilhelm von Occam+

 

1350

Thomas Magister+

 

1355?

*Georgios Gemistos-Plethon

 

1370

*Leonardo Bruni

Tactatus de origine, natura, jure et mutationibus monetarum; Aristotelis Politica et Oeconomica; Decem libri ethicorum Aristotelis (Oresmius)

1376/77

 

De civili dominio (Wyclif)

1377

 

Muqaddimah (I. Khaldun)

1377–1382

 

Kitab al-‘Ibar (I. Khaldun)

1382

N. Oresmius+

 

1384

Wyclif+

 

1396

*Georgius of Trapezus

 

1401

*Nicolaus of Kues

 

1403

*Bessarion

 

1404

*Leon Battista Alberti

 

1406

Ibn Khaldun+

 

1416

 

Advice to despot of the Peloponnese Theodor II (Gemistos)

1418

 

To Manuel Palaeologus, on affairs in the Peloponnese (Gemistos)

1420/21

 

Commentaries on “Oeconomica” (L. Bruni)

1438/39

 

On the Laws (Gemistos)

1440

 

De docta ignorantia (N. of Kues)

1440–1444

 

De coniecturis (N. of Kues)

1442–1444

 

Trattato del governo della famiglia (Alberti)

1444

Leonardo Bruni+

Letter to Constantine, Despot of Peloponnese (Bessarion)

1452

Georgios Gemistos-Plethon+

 

1455

 

Comparationes philosophorum Aristotelis et Platonis (Georgius of Trapezus)

1464

Nicolaus of Kues+

 

1466/69

*Erasmus of Rotterdam

 

1460

*Machiavelli

 

1472

Leon Battista Alberti+

 

Bessarion+

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Baloglou, C.P. (2012). The Tradition of Economic Thought in the Mediterranean World from the Ancient Classical Times Through the Hellenistic Times Until the Byzantine Times and Arab-Islamic World. In: Backhaus, J. (eds) Handbook of the History of Economic Thought. The European Heritage in Economics and the Social Sciences, vol 11. Springer, New York, NY. https://doi.org/10.1007/978-1-4419-8336-7_2

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