Sunday, November 5, 2023

Pre Modern Economic Thought

      

Introduction

Pre-economic thought refers to the economic ideas and concepts that were developed before the emergence of economics as a distinct academic discipline. This period spans from ancient times to the late 18th century and encompasses a wide range of cultures and civilizations.

  • Premodern Economic thought was existed in the 18th century, before the emergence of the modern economic thought. It focused on the ideas and practices of ancient civilizations like Greece, Rome, China, India, Iraq and British.
  • Premodern economic thought was mainly on the concerns with issues of production, consumption and distribution of products and it was heavily influenced by the religious and moral values. 

Due to the religious and moral influences prevailed in the society economic activities were classified as morally or ethically justifiable or unjustifiable. Specially, we can mention Catholic religion, Islamic concept of Zakat and so on as the religious influences which had played a crucial role in shaping the economic thought.


Under Pre modern economic thought, the era has been classified to main six (6) parts such as Greek Economic Thought, Roman Economic Thought, Indian Economic Thought, Chinese Economic Thought, Islamic Economic Thought and finally the British Economic Thought.


Under these each classification we can learn few personalities who have greatly contributed to the development of Economic Thought.

These personalities will be discussed in detail manner with upcoming blog posts.
Written by: Dinithi Jayasuriya & Dismi HansikaREFERENCEShttps://shorturl.at/lyDH6

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