Value and Knowledge: The Philosophy of Economy in Classical Antiquity (Value, Money, and Credit in Ancient Greek Market Economy)

This volume looks at the ancient Greek economy. Of particular importance, is how the economic structure of this society could allow enough of a surplus to enable artistic endeavour. Contents: The Platonic credit economy and fiat money: Money as token of credit in exchange; Aristotle's individualistic foundation of political society: Self-interest and utility. The state as means for individual excellence; The theory of merit, status and property (Aristotle). Social and legal justice: Weighted and unweighted equality in dealings; The utility theory of value and money (Aristotle). Economic justice: Inversely weighted equality in quantity according to merit; Knowledge as the ultimate asset of power; Knowledge as the ultimate asset of wealth: The knowledge theory of value; Appendices.