The History of Economic Thought deals with changed thinkers and theories in the topic that became political economy and economics from the ancient world to the current day. It encompasses many disparate schools of economic thought. Greek writers such as the philosopher Aristotle examined ideas about the "art" of wealth acquisition and questioned whether property is best left in private or public hands. In medieval times, scholars such as Thomas Aquinas argued that it was a moral obligation of businesses to sell goods at a just price.
a good definition about what is the history of economic thoughts,,,,by the way ,,you are drinking coffee in your picture
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ReplyDeleteWhy do you think of that during those day people consantrate on more about ethic and moral dimention of economic activities?
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I think, at that time had a such ethical group of people who thought that they were rich by nature and rich should be rich but poor couldn't be rich.
ReplyDeleteIn my opinion, Thomas Aquinas thought right about moral of goods price that price for goods should be as low as possible, becouse goods should be available for each of ethical groups.