A History of Greek Economic ThoughtTrever, Albert Augustus
History
A History of Greek Economic Thought
Trever, Albert Augustus
Economics -- Greece -- History; Thesis (Ph. D.)
EPICURUS AND HIS SCHOOL
Epicurus, though the apostle of hedonism, and heir of the Cyrenaics,
taught a doctrine of wealth somewhat similar to that of the Stoics.[903]
His “happiness” consisted in living a simple and prudent life. He taught
that spiritual wealth is unlimited, and that the wise are contented with
things easy to acquire (εὐπόριστα);[904] that external wealth, on the
other hand, is limited,[905] and that it is not increase of possessions
but limitation of desires that makes truly rich.[906] He believed the
simplest food to be best,[907] both for pleasure and for health, that
many wealthy find no escape from ills,[908] that he who is not satisfied
with little will not be satisfied with all,[909] and that contented
poverty is the greatest wealth.[910] In accord with his teaching, he
seems to have lived very simply.[911] However, he did not go to the
extreme of the Cynics and Stoics, but taught that the wise will have a
care to gain property, and not live as beggars.[912] He exhibits no
tendency toward communism, but rather toward the extreme individualism
of the Sophists, and was in sympathy with their social contract
theory.[913] Later Epicureanism degenerated by taking the hedonistic
principle of its founder too literally. Like the Sophists, the school
has influenced modern economic thought through its conception of
justice, as a mere convention for mutual advantage.[914]
CYNICS
The Cynics developed the negative attitude of the Socratics toward
wealth to its extreme in asceticism. Their doctrine was subversive of
all economic interest. Antisthenes, the founder of the school, was a
contemporary of Plato, a Sophist in his youth, but later associated with
the Socratic circle. He appears prominently in the _Symposium_ of
Xenophon.[915] He urged a return to nature in the literal sense.[916]
His book on the nature of animals (περὶ ζώων φύσεως) probably presented
examples from the animal world as models for natural human living. Like
many writers of his time and later, he idealized the life of primitive
and barbarous peoples.[917] In utter antithesis to Aristotle,[918] he
declared city life and civilization to be the source of all injustice,
luxury, and corruption. In his opinion, Zeus punished Prometheus, not
because he envied men any good, but because the discovery of fire was
the source (ἀφορμή) of all effeminacy and luxury for men.[919] Material
wealth was, to him, if not an absolute evil, something about which men
should be entirely indifferent, for in essence, good and evil could have
only a moral reference.[920] The craving for wealth or power was a vain
illusion. Nothing was good for a man except what was actually his
own,[921] and this was to be found only in the soul.[922] Wealth without
virtue was not only worthless, but a fruitful source of evil,[923] and
no lover of money could be either virtuous or free.[924] He thus
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