It is generally conceded that trade and travelers paved the way for capitalistic philosophy further and international industry.
The chronological inconsistencies are perhaps most clearly exemplified by the writings of Nicole Oresme. In his Traictie de la Premierere Invention des Monnies, written about 1360, he develops a theory of money which reveals a very different approach to economic problems from others.
Christ, addressing Himself to the labourers of His time, proclaimed for the first time the worthiness both in material and a spiritual sense of all work.
Aristotle laid the foundation of the distinction between use-value and exchange-value, which has remained a part of economic thought to the present day.
Share Your Favorite Quotes
Know a quote that's missing? Help grow our collection.
The expenses of the royal household, wars, and lavish public building were financed by tolls and the profits of the king's foreign trade monopoly, by conscription of labour and heavy taxation. The results were impoverishment of the masses, alienation of land, and the development of a proletariat.
Ideas appropriate to a past social order have a strange power of influencing thought and action within a later institutional frame work.