A History of Greek Economic ThoughtTrever, Albert Augustus
History
A History of Greek Economic Thought
Trever, Albert Augustus
Economics -- Greece -- History; Thesis (Ph. D.)
Xenophon presents no theory of exchange,[460] though he is frankly
interested in the advance of commerce and trade. In his opinion, the
greater their development, the better it is for the city of Athens.[461]
He is full of practical suggestions to stimulate commercial
activity.[462] So assured is he of the prime importance of extensive
commerce to a nation, that, in the spirit of modern commercialism, he
insists upon the necessity of peace for its sake.[463] To his mind,
increased trade means not only material advantage, but social and
political as well, in that greater prosperity, more labor, and a better
distribution will mean greater satisfaction, and hence less danger of
revolution in the state.[464] He entertains none of the prejudice of the
other Socratics against the money-makers’ art, a fact which may well be
a warning against the too ready acceptance of their attitude as the
usual verdict of the Athenian citizens.[465] In his practical
suggestions for the development of commerce there is a hint of the
protective principle. He advises that certain advantages be granted to
shipowners so as to induce them to increase their shipping.[466] But the
purpose is not to limit the advantage to Athenian merchantmen, nor to
restrict import trade. It is rather the opposite. He would enrich the
city by tribute on both imports and exports, imposed for sumptuary and
revenue purposes,[467] and would also develop a public merchant-marine
for rent to merchants, as a further source of income.[468]
POPULATION
In antithesis to Plato and Aristotle, the problem of population has no
difficulties for Xenophon. He does not deem it advisable to set a limit
on the population of the state. On the contrary, he conceives it as one
of the advantages of his plan in the _Revenues_, that thereby the city
would become very populous, and thus land about the mines would soon be
as valuable as that in the city itself.[469]
DISTRIBUTION
Xenophon is far less concerned about the problem of distribution than
Plato. He has no suggestions as to wages, profits, or prices, no ideal
state where an equitable distribution shall be realized, no yearnings
after equality, or complaints against the evils of extreme wealth or
poverty. Like Plato, he would avoid civic discord in the state,[470] but
by the increase of production and exchange rather than by their
limitation. In Socrates’ parable of the dog and the sheep, he presents a
suggestion of a theory of profits, but his plea is for the employer
instead of the laborer. The right of the former to share in the profits
of the business is based on his service as overseer of the work, and as
protector of the workmen.[471]
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