Quiz 6 Essay Example | Topics and Well Written Essays - 500 words

Quiz 6 - Essay ExampleIt is also helpful for those who concord a doubt roughly the old school of thought related to economics and bridging the gap between past and present concepts. (Brittan, 202) in his book, Backhouse discussed about how kor and Hesiods writing educated the people of Greece and gave them the idea about how life should be lived. The story of society discussed in Iliad and the Odyssey was hierarchical, based not on foodstuff relationships, but on the distribution of wealth through gifts, theft, prizes for winning competitions, plunder received in war, and tribute paid by defeated cities to their conqueror (Backhouse, 11) home run in his writing considered trading as a secondary and inferior way of acquiring wealth as according to him exchanging gift among same locate holders, wining prizes in war was more better way of earning wealth. (Backhouse, 11) There was very little economical data available from the time of Xenophon (c. 430354 BC) and Plato (c. 429347 BC ) but one it is straightway a proven fact that economy at that time also based on agriculture. (Backhouse, 14) Later on Aristotle in his concept also discussed about the acquisition of wealth for peoples day to day activities.(Backhouse, 22) In Aristotles view there were 2 ways of acquiring wealth, one was earth management and other one was getting wealth through exchange. (Backhouse, 22) People need money to live a good life-this was the concept of Aristotle, and for him lust for excess money could bring about the difference of class and status in a society. This was the ancient Greek philosophy and it has a great find out on present western thoughts. If one analyzes the concept of neoclassical economics, then it is very clear that both Plato and Aristotle had some key opinion about economics. In Backhouses opinion, Plato argued for the subsistence of universals-ideal, pure forms which