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nydus/A History of Greek Economic ThoughtPublic

This volume provides a reinterpretation of Greek economic theory by examining the relationship between ancient thought and modern humanitarian economy. The text analyzes Greek economic ideas within the context of the contemporary economic environment and provides a bibliography of relevant scholarly works.

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Table of Contents

CHAPTER III PLATO

As we have seen, one of the chief purposes of Plato in his limitation of commerce was to eliminate graft from the government. Though his remedy was not acceptable, yet his remarkable appreciation of a very grave problem that still faces us should be recognized. Furthermore, no better solution for it has ever been offered than the separation of politics from big business. This was the underlying principle of his suggestion, and it is in accord with the trend of modern statesmanship.

Another impelling motive of Plato in his stringent legislation was to render impossible the development of extremes of wealth or poverty in the state. Again, we should credit him with having clearly appreciated the problem, though we may criticize his attempted solution. The great commercial prosperity of today has made the situation vastly more acute, and still economics has no satisfactory solution to offer. After all, in the light of modern tendencies toward the regulation of industry and commerce, some of Plato’s ideas do not seem so “grandfatherly,” but rather prophetic, and in accord with sound economy. His legislation against the sale of adulterated products,242 and in favor of publicity in business,243 and state supervision of prices244 has a startlingly modern ring.

POPULATION

The problem of population and food supply, which disturbed Malthus and some of the other English economists, was also a cause of concern to Greek thinkers. This might well be expected, since it is a recognized fact that the source of the grain supply was always a matter of grave concern to Athens and many other Greek cities.245 Plato states the problem clearly

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