There is certainly much force in this general reason. The development of economic thought must, of course, depend upon the actual conditions under which the thinkers live. We have already admitted also the vast difference between the present economic complexity and the simplicity in ancient Greece. The foregoing summary of Haney, however, is misleading. Though the ideal of Sparta was national exclusion, it was surely not that of Athens and some other Greek states. All extant records agree that Athens, at least, the home of the economic theorists, encouraged international commerce by every means in her power. The division of labor, while insignificant compared with the minute division of modern mechanical industry, was by no means inextensive, as is evidenced by the fact that this is a point on which Greek thinkers show especial insight. The notion that Greek industry was chiefly limited to household economy, and that the era of capitalism had not yet dawned, has long ago been refuted by Meyer and others. The alleged insecurity of life and property, while relatively true, is exaggerated for Athens, at least. Above all, the common attempt to draw an analogy between classical Greece and mediaeval Europe economically is due to an utter misconception. The period of Greek economic history, which corresponds to that of the Middle Ages, is rather the era of economic awakening, between the middle of the ninth and the end of the sixth century B.C.[62]

Other reasons for the limited development of Greek economic thought are:

A History of Greek Economic Thought — Part 11

_a_) The dominance of the state over the individual citizen, which fact caused political rather than economic speculation to absorb the attention of Greek thinkers. It is stated that the importance of the individual must be recognized before a science of economics can develop.[63] This reason is also usually overemphasized.

A History of Greek Economic Thought — Part 11

_b_) The general prejudice in Greece against industry, labor for another, and finance for its own sake. That such a prejudice existed to some degree, arising from the old aristocratic feeling, moral objections, the reflex influence of slavery, the spirit of independence, and the belief that leisure was necessary for the proper performance of the duties of citizenship, is generally admitted. The commonly assumed universality of this feeling is, however, open to grave question. The prejudice against skilled labor was probably limited to the moral philosophers, and perhaps to the more aristocratic portion of the citizens, and we shall see in another chapter that the hostile attitude of the philosophers themselves has been considerably exaggerated. The evil effects of slavery also could not have been so marked in Greece, before the age of machinery. Moreover, as Meyer has pointed out, a prejudice against manual labor is evident among the more favored classes in most European countries today, yet it does not appear to retard the advance of industry in the least.[64]

A History of Greek Economic Thought — Part 11