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A Research on the Financial Thoughts of Ancient Philosophy

Tolga ULUSOY, Faruk Dayı

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Abstract

The aim of this study is to examine the contributions of ancient economic thought to today's financial thought in the light of the relations between the socio-economic, political and intellectual environment of the period. Among the ancient Greek philosophers, although Plato and Aristotle held a different place in terms of their economic views, the opinions of the thinkers who came before and after Socrates began to be taken into consideration. It is known that ancient Greek philosophers propose opinions on many different economic topics from agriculture to trade, from division of labor to money and wealth, from property to interest. However, these views did not go beyond the initial level analysis of economic theory. On the other hand, the Western World has been under the influence of these thinkers for many years. In contrast to the ancient Greek philosophers who contributed to the field even at the beginning, Roman philosophers could not make a specific and unique contribution to the history of economics. But their main contribution has been to the field of law. The concepts such as the freedom of individual, the right to private property and the right to contract are still used today by Roman thinkers.

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The aim of this study is to examine the contributions of ancient economic thought to today's financial thought in the light of the relations between the socio-economic, political and intellectual environment of the period. Among the ancient Greek philosophers, although Plato and Aristotle held a different place in terms of their economic views, the opinions of the thinkers who came before and after Socrates began to be taken into consideration. It is known that ancient Greek philosophers propose opinions on many different economic topics from agriculture to trade, from division of labor to money and wealth, from property to interest. However, these views did not go beyond the initial level analysis of economic theory. On the other hand, the Western World has been under the influence of these thinkers for many years. In contrast to the ancient Greek philosophers who contributed to the field even at the beginning, Roman philosophers could not make a specific and unique contribution to the history of economics. But their main contribution has been to the field of law. The concepts such as the freedom of individual, the right to private property and the right to contract are still used today by Roman thinkers.

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Available abstract

The aim of this study is to examine the contributions of ancient economic thought to today's financial thought in the light of the relations between the socio-economic, political and intellectual environment of the period. Among the ancient Greek philosophers, although Plato and Aristotle held a different place in terms of their economic views, the opinions of the thinkers who came before and after Socrates began to be taken into consideration. It is known that ancient Greek philosophers propose opinions on many different economic topics from agriculture to trade, from division of labor to money and wealth, from property to interest. However, these views did not go beyond the initial level analysis of economic theory. On the other hand, the Western World has been under the influence of these thinkers for many years. In contrast to the ancient Greek philosophers who contributed to the field even at the beginning, Roman philosophers could not make a specific and unique contribution to the history of economics. But their main contribution has been to the field of law. The concepts such as the freedom of individual, the right to private property and the right to contract are still used today by Roman thinkers.

Key concepts: SOCRATES, Ancient Greek, Politics, Field (mathematics), Division of labour, Private property, Property (philosophy), History of economic thought

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