A History of Greek Economic ThoughtTrever, Albert Augustus
History
A History of Greek Economic Thought
Trever, Albert Augustus
Economics -- Greece -- History; Thesis (Ph. D.)
those who pursue it, and to benefit the whole state.[236]
It need not be observed that this attitude of Plato toward trade and
commerce is alien to the spirit of economic progress, and that no
advanced civilization could be developed on such a basis. His profuse
legislation, too, as above outlined, strikes a modern as naïve and
visionary.[237] No man, however, is more aware of this than Plato
himself. He should be judged, not in a spirit of rigid literalism, but
with a sympathetic criticism which tries to understand the psychological
reasons for his attitude. His suggestions are not offered as a proposed
scheme for actual legislation,[238] but rather in the spirit of the
moralist, who, observing that almost inevitable evils accompany retail
trade and commercialism, with human nature as it is, and that commerce,
the servant of man, has become his master, sees almost the only hope of
escape in its limitation to what is barely necessary. The age-long
problem of a greedy commercialism, which is blind to the appeal of all
other goods when profits are at stake, Plato certainly saw clearly, and
outlined with the hand of a master. The problem faces us still, in a
form even more acute, but the protests of Plato, Ruskin, and Carlyle are
bearing positive fruit today, in a political economy that takes as its
supreme goal human life at its best.
But aside from these generalities, a sympathetic study of Plato’s
thought on exchange reveals an insight into certain specific points, of
interest to modern economics, which are commonly overlooked. His protest
against the former axiom of economics, that the prime purpose of trade
is profit, and that the mere fact that goods change hands, necessarily
increases the wealth of a country, is substantially correct.[239]
Commerce for commerce’ sake is a clear case of mistaking the means for
the end, and is contrary to sound economics as well as ethics. The
objections of Plato and Ruskin[240] against the principle too generally
accepted by business and economy of the past, at least tacitly, that “it
is the buyer’s function to cheapen and the seller’s to cheat,” are being
recognized today as worthy of consideration.
The anxiety of Plato over the effect of trades or professions upon
character is well worthy of modern imitation, and this is, to a
considerable extent, an economic as well as a moral question.
Zimmern[241] has well observed: “Our neglect to study the effect of
certain modern professions upon character, when we are always insisting,
and rightly, upon the importance of a character-forming education, is
one of the strangest lapses, due to the sway of nineteenth-century
economics.”
Public-domain text, read in full here on John Shaqi.
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