The Mediterranean Tradition in Economic Thought

The Mediterranean Tradition in Economic Thought

by Louis Baeck
     
 

ISBN-10: 0415093015

ISBN-13: 9780415093019

Pub. Date: 12/07/1994

Publisher: Taylor & Francis

It has become commonplace to consider economic thought as if it were almost entirely an Anglo-American affair, with only cursory references to economic thinking before Adam Smith. However, each of the civilizations that flourished in the Mediterranean basin long before the rise of the Atlantic economies left a rich legacy of thinking on economic affairs. This…  See more details below

Overview

It has become commonplace to consider economic thought as if it were almost entirely an Anglo-American affair, with only cursory references to economic thinking before Adam Smith. However, each of the civilizations that flourished in the Mediterranean basin long before the rise of the Atlantic economies left a rich legacy of thinking on economic affairs. This tradition is rooted in politics, ethics and religion: it was a more complete view than ours. The Mediterranean Tradition in Economic Thought surveys the development of this tradition over four millennia. It considers the economic context of the scriptures of the Mesopotamian civilizations, Pharaonic Egypt and the Biblical peoples and the contributions of the Greeks and Romans, and their influence on Islamic civilization and on the Medieval scholastics. The flowering of the school of Salamanca as recently as the seventeenth century demonstrates how long-lived the tradition was, and throughout, the author demonstrates how these ideas continue to survive and resurface, citing the renewed interest in the ethical dimension of economics, the revival of interest in the history of Islamic thought, and the re-emergence of Slavophile doctrines in contemporary Russia.

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Product Details

ISBN-13:
9780415093019
Publisher:
Taylor & Francis
Publication date:
12/07/1994
Series:
Routledge History of Economic Thought Series
Pages:
252
Product dimensions:
6.14(w) x 9.21(h) x 0.63(d)
Age Range:
18 Years

Table of Contents

The author
Preface
IThe Mediterranean Tradition1
Mediterranean economic thought and Atlantic economics1
The roots of the tradition6
What is in the term 'tradition'7
The revival of the Mediterranean tradition10
The reading of ancient texts15
Economic humanism: a new theme17
IIThe Near Eastern Precursors20
The dawn of civilization20
The Mesopotamian legal tradition24
Pharaonic Egypt27
The biblical tradition32
IIIThe Contribution of the Greek Essayists and Philosophers42
The emergence of rationalism and securalism42
Essayists and pamphleteers in fourth-century Athens46
Plato's anti-economic tradition61
Aristotle explores the economy72
The historical trajectory of Aristotle's analysis92
IVThe Economic Thought of Classical Islam and Its Revival95
Islam as a force in history95
The sources and their interpretation98
Law, jurisprudence and 'hisbah'101
The Persian tradition107
Kalam and Falsafa108
The global vision of Ibn Khaldun114
Transfer channels and impact in the West118
The revival of the Islamic tradition121
VThe Economic Impact of the Cistercian Order125
The Weber thesis revisited125
Historical background127
The Cistercians and the rural economy128
A prototype of multinational agribusiness129
The development trap of the twelfth century129
As innovative corporate culture and structure131
The transition to the late Middle Ages134
VIMedieval Thought in the Latin West137
The late blooming of the Latin West137
The Roman legists141
The teaching of the canonists147
The contribution of scholastic theology153
Albertus Magnus and Thomas Aquinas155
The Languedocian Franciscan P. J. Olivi163
Money and the abuse of power169
The turn towards modern times174
VIIIberian Monetarism and Development Theories of the Sixteenth and Seventeenth Centuries176
The cultural and economic setting176
The great inflation180
The school of Salamanca182
A new perception of inflation186
Purchasing-power parity190
The political economists or 'arbitristas'191
Portuguese 'alvitrismo'201
Review and evaluation204
The historical unfolding of theories and their sources208
Notes211
Bibliography219
Index233

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