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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 V THE ORATORS—DEMOSTHENES, ISOCRATES

Though the Attic orators constitute a very important source for our knowledge of economic conditions in Athens, they furnish but little definite material for a history of Greek economic thought. From the standpoint of theory, their chief value consists in the fact that they all reveal a positive interest in wealth and all the phenomena of practical economy. In this respect, they present a striking contrast to the negative attitude of the Socratics, and thus serve to correct our conception of the economic ideas of the average Athenian citizen. Specific consideration need be given only to Demosthenes and Isocrates.

The positive interest of Demosthenes in commerce and finance has already been indicated by some passages,487 and this fact is so evident throughout all his orations that further citations are unnecessary. Instead, we may note briefly some slight hints in him of the negative moral attitude of the philosophers. He emphasizes the dominating influence of money in warping the judgments of men.488 He praises the simple life of the previous generation, and criticizes in contrast the private luxury of his own day.489 According to him, it is considered to be rare for a business man to be both diligent (φιλεργόν) and honest (χρηστόν).490 In his assertion that poverty compels freemen to turn to menial work (δουλικά) and that many freewomen (ἀσταί) have been driven by the stress of the times to such vocations,491 some aristocratic prejudice against common labor seems to be implied. A similar attitude toward traders and money-dealers is at least suggested by his question as to what is the worst (πονηρότατον) element in the state.492 His scornful

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