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This study argues that although Aristotle developed a coherent theory of value, wealth, exchange and money, the metaphysical foundations of his theory make it impossible to assimilate to neo-Classical economics or any other kind of economic thought.
Aristotle's work on money was the backbone of medieval thinking about commerce, and it is still the foundation of Catholic teaching about market behaviour. Marx's theory of economic value was based on it, and so was much of the economic analysis of money into the present century. In the past hundred years the interpretation of Aristotle's work on money has become chaotic. Economists claim Aristotle as the father of economics, while classical scholars hold that Aristotle had no economic theory at all. It is argued here that Aristotle does develop a coherent theory of economic value, wealth, exchange, and money, but that this theory cannot be assimilated to what we call 'economics', because its metaphysical foundation is incompatible with the Humean metaphysics on which economics is built. From an Aristotelian standpoint, ethics and economics are competitors over the same ground, as rival sources of reasons for decision-making in the public realm, and they cannot be reconciled.
A Re-Assessment of Aristotle's Economic Thought by Ricardo F. Crespo Pdf
The world has seen several financial and economic crises in the past few years. Psychological, ethical and philosophical levels of causal analysis have been discussed, and in this context, an interest in classical thinkers has emerged. The work of Aristotle has influenced writers from Marx and Menger to Amartya Sen. This book introduces us to Aristotle’s thought on 'the economic' and on its influences on economists. First, it focuses on Aristotle ́s ideas, situating Aristotle in his historical context, describing his positions on the economic and analysing what kind of reality the economic is, its relation with ethics and with politics. Then, it determines what kind of science is concerned with the economic. Later, it analyses related topics and shows the influence of Aristotle’s ideas on contemporary economists. It concludes by highlighting the Aristotelian contributions to today’s economy. This scholarly volume offers important new insights into the Aristotelian approach to the economy itself, as well as to the idea of economics as a science, bringing Aristotle’s views to bear on the modern economy.
Aristotle's Critique of Political Economy by Robert L. Gallagher Pdf
This book presents a positive account of Aristotle’s theory of political economy, arguing that it contains elements that may help us better understand and resolve contemporary social and economic problems. The book considers how Aristotle’s work has been utilized by scholars including Marx, Polanyi, Rawls, Nussbaum and Sen to develop solutions to the problem of injustice. It then goes on to present a new Social Welfare Function (SWF) as an application of Aristotle’s theory. In exploring how Aristotle’s theories can be applied to contemporary social welfare analysis, the book offers a study that will be of relevance to scholars of the history of economic thought, political theory and the philosophy of economics.
A Modern Guide to the Economics of Happiness by Luigino Bruni,Alessandra Smerilli,Dalila De Rosa Pdf
Exploring the modern approach to the economics of happiness, which came about with the Easterlin Paradox, this book analyses and assesses the idea that as a country gets richer the happiness of its citizens remains the same. The book moves through three distinct pillars of study in the field: first analysing the historical and philosophical foundations of the debate; then the methodological and measurements issues and their political implications; and finally empirical applications and discussion about what determines a happy life.
A survey of economic theory in the pre-modern era, this collection includes extracts from the works of Aristotle, Thomas Aquinas, Antonio Serra, and David Hume. Their writings in this volume illustrate the ways in which great thinkers of the past sought to argue for and explain the moral, ethical, monetary, and political dimensions of trade and exchange.
A History of Greek Economic Thought by Albert Augustus Trever Pdf
DigiCat Publishing presents to you this special edition of "A History of Greek Economic Thought" by Albert Augustus Trever. DigiCat Publishing considers every written word to be a legacy of humankind. Every DigiCat book has been carefully reproduced for republishing in a new modern format. The books are available in print, as well as ebooks. DigiCat hopes you will treat this work with the acknowledgment and passion it deserves as a classic of world literature.
Philosophy of the Economy by Ricardo F. Crespo Pdf
This book develops a philosophical analysis of economic reality and economic science from an Aristotelian point of view. It is the result of many years of thinking and philosophical study about these topics. It differs from other philosophy of economics books as it also deals with economic reality (not only the science) and approaches its subject from an Aristotelian perspective. It differs from other Aristotelian studies about economics as it covers the whole of philosophy of the economy. This book argues why Aristotle’s thinking guarantees an appropriate interdisciplinary synthesis.
Aristotle's Economics is a thoughtful and comprehensive account of Aristotle's intellectual system. Drawing upon all of his surviving writings, this book deftly illustrates how Aristotle considered economics to be just one of many areas which make up the social and political whole. David Reisman offers an in-depth and accessible analysis of Aristotle's theories, adeptly comparing them to the work of his contemporaries. Adopting an interdisciplinary approach, this book demonstrates how Aristotle embedded his economics in a wider synthesis that extends from scientific method to ethics, law and the spectrum of constitutions. Aristotle's economics cannot be separated from his ideas on the good society, the pragmatic state and the sensible guidance of far-sighted intellectuals. Aristotle's Economics shows that Aristotle put morals before things. His lasting message was that material goods should only be seen as the means to a fruitful and varied life rather than as life's end and goal. This thought-provoking study will be of interest to students, academics and researchers in economic thought and political economy. Aristotle linked his economics to political and social theory. This book will appeal to readers who believe that the answers to many of our present-day problems lie in the history of ideas and the work of Plato's most distinguished disciple.
A History of Greek Economic Thought - A Dissertation by Albert Augustus Trever Pdf
Many of the earliest books, particularly those dating back to the 1900s and before, are now extremely scarce and increasingly expensive. We are republishing these classic works in affordable, high quality, modern editions, using the original text and artwork.
Ancient and Medieval Economic Ideas and Concepts of Social Justice by Barry Gordon,S. Todd Lowry Pdf
On March 17, 2015, Brill was informed that the article by Francisco Gómez Camacho S. J., "Later Scholastics: Spanish Economic Thought in the XVIth and XVIIth Centuries," in Ancient and Medieval Economic Ideas and Concepts of Social Justice, ed. S. Todd Lowry and Barry Gordon (Leiden: Brill, 1998), pp. 503-561 suffers from serious citation problems and that in some cases the original sources are never mentioned at all. It goes without saying that Brill strongly disapproves of such practices, which represent a serious breach of publication integrity. Brill condemns any violation of the authors' rights and the copyrights of the publishers, and distances itself from these practices. As a result Brill cannot stand behind the noted material as originally contained in this volume and for these reasons formally retracts the article by Francisco Gómez Camacho and also the volume. The volume will no longer be available in its current form. (Blurb: 13 scholars contribute to this survey of past discussions of the workings of economic structures and of justice in interpersonal relations, cultural institutions and the social order. They investigate the sources in each historic period from the world of the Old Testament and the ancient Greeks through to Spanish scholasticism and its offshoots in the Spanish Americas of the 18th century and relate the ideas of writers from the past to modern discussions.)
A Short History of Ethics and Economics by J. E. Alvey Pdf
'This is an important and timely work that addresses the moral crisis of contemporary economics. Alvey not only provides an excellent narrative of classical Greek economics, but his arguments are aimed at restoring the central role that ethics played in the long tradition of economic thought. This is an invaluable scholarly resource for academics and students of political economy as well as the history of political thought.' Benjamin Wong, Nanyang Technological University, Singapore Arising from a disenchantment with mainstream economics a dissatisfaction that is widespread today A Short History of Economics and Ethics sketches the emergence and decline of the ethical tradition of economics and the crisis of modern economics. In doing so, James Alvey focuses on four of the leading ancient Greek thinkers: Socrates, Xenophon, Plato and Aristotle. The author uses insights from Amartya Sen's Capabilities approach as well as other sources to retrieve the ethical tradition of economics. Five aspects of this tradition which seem to lie outside of mainstream economics are identified: an ethical methodology; some notion of a just price; an understanding that ethical motivations are relevant to human action; a rich understanding of human well-being; and some notion of distributive justice related to human well-being. Creating a forum for further debate and research opportunity, this book will appeal to students, scholars and historians of economic thought, as well as to all those interested in the intersection of ethics with economics.