For the study of past economic situations, see Economic history.
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The history of economic thought is the study of the philosophies of the different thinkers and theories in the subjects that later became political economy and economics, from the ancient world to the present day.
This field encompasses many disparate schools of economic thought. Ancient 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 the Middle Ages, Thomas Aquinas argued that it was a moral obligation of businesses to sell goods at a just price.[1]
In the Western world, economics was not a separate discipline, but part of philosophy until the 18th–19th century Industrial Revolution and the 19th century Great Divergence, which accelerated economic growth.[2]
^Jayabalan, Kishore (19 March 2019). "Thomas Aquinas on the Just Price". Public Discourse. Retrieved 28 July 2023.
^"www.historyhaven.com". Archived from the original on 30 September 2015. Retrieved 15 September 2015.
and 30 Related for: History of economic thought information
The historyofeconomicthought is the study of the philosophies of the different thinkers and theories in the subjects that later became political economy...
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the Understanding of the Current Economic Crisis? (PDF). Sao Paulo, Brazil: International Colloquium on the HistoryofEconomicThought. Archived from the...
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Mao. Berkeley: University of California Press, 1966. p. 119. Sandmo, Agnar. Economics Evolving: A HistoryofEconomicThought, Princeton, NJ: Princeton...
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Ernesto Screpanti and Stefano Zamagni (2005). An Outline of the HistoryofEconomicThought. Oxford University Press. Cochrane, James L. (1970). "Classical...
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Austrian School of Economics 1950–2000". In Warren Samuels; Jeff E. Biddle; John B. Davis (eds.). A Companion to the HistoryofEconomicThought. Blackwell...
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