Wealth and Poverty: Classical Economic Thought

  • Ayman Reda
Part of the Palgrave Studies in Islamic Banking, Finance, and Economics book series (IBFE)


This chapter examines the views of the classical economists on the topic of wealth and poverty, in addition to the views of the philosophers of the Renaissance and the Enlightenment. In particular, we examine the views of Thomas Hobbes, John Locke, Jeremy Bentham, David Hume, and Adam Smith, and the lasting impact such views had on the subsequent intellectual discourse. The chapter highlights the great departure that occurred in the modern intellectual view of wealth and poverty from the earlier Greek and Christian traditions.


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Copyright information

© The Author(s) 2018

Authors and Affiliations

  • Ayman Reda
    • 1
  1. 1.EconomicsThe University of Michigan - DearbornDearbornUSA

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