A History of Greek Economic ThoughtTrever, Albert Augustus
History
A History of Greek Economic Thought
Trever, Albert Augustus
Economics -- Greece -- History; Thesis (Ph. D.)
The pseudo-Platonic dialogue, _Eryxias_, is of special interest for our
study, since it is the only extant work in Greek literature which deals
directly and exclusively with the problem of wealth.[943] The work
presents nothing new, however, which had not already been observed by
the Socratics. The statement of Heidel,[944] that it is “distinctly the
most valuable contribution of antiquity to the science of political
economy,” is therefore an exaggeration. Nevertheless, the essay is
worthy of more notice than it has usually received in histories of
ancient economic thought.[945] Whatever consideration has been given to
it has been largely devoted to the question of its origin. It reveals
points of contact with Plato, the later Socratics, and especially with
Antisthenes, the Cynic, with whom the author seems to have been most in
sympathy.[946]
The two theses that form the goal of the _Eryxias_ are that the wisest
men are in reality the wealthiest, and that material wealth is an evil,
since they who possess most of it are the most needy of all, and hence
most depraved.[947] The keynote of the dialogue is the question of
Socrates concerning the wealthy Sicilian, “What sort of a man was he
reputed to be in Sicily?”[948] The double thesis is illustrated
concretely by Socrates, the wisest, and the Sicilian, the richest but
worst of men. The first idea is prominent in Euthydemus,[949] and
elsewhere in Plato and Xenophon.[950] The second is a favorite doctrine
of the Cynics and Stoics,[951] though the general thought may be traced
back to Socrates.[952]
Some insight is exhibited by the author into the problem of value. Like
Xenophon, he defines property (χρήματα) as that which is useful, and
thus recognizes this element in value.[953] He also distinguishes
general from economic utility.[954] In answer to the question in respect
to what particular use wealth possesses utility, he states tentatively
that it is with respect to bodily needs,[955] an idea suggestive of the
organon theory of Aristotle. By this, he doubtless means food, clothing,
and shelter, which have the quality of rarity. This, however, is only a
step in the argument, which has for its goal the thesis that
intellectual attainments constitute the most important part of one’s
wealth, and possess a very real economic value.[956] The author thus
agrees with Plato, Xenophon, the Cynics, and the Stoics, in his emphasis
upon spiritual goods. The distinction between value in use and value in
exchange and the necessary dependence of the latter upon the former are
also suggested in the statement that nothing can have economic value
except as there is a demand for it. The money that passes current in one
state may be valueless in another, as also would be the mansion of the
wealthy Polytion to Scythian nomads, since there would be no demand for
them.[957]
Public-domain text, read in full here on John Shaqi.
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