Josiah Ober | Economic Lessons From Ancient Greece | Foreign Affairs

We can now recognize the classical Greek world as a powerful example of what the historical sociologist Jack Goldstone has called “efflorescence”, that is, the conjunction of a sustained period of unusually high economic growth with an explosion of rich cultural activity. Ancient Greece is far from unique in having experienced a premodern efflorescence, but its efflorescence was distinctive in its intensity, duration, and long-term impact on world history.

So what made the impressive growth of the ancient Greek economy possible? The basic answer is good institution… go to the story

moodhackerblog

Two 1st-3rd century AD. terracotta statues are on display at the entrance of the new Acropolis museum in Athens, June 17, 2009. Two 1st-3rd century AD. terracotta statues are on display at the entrance of the new Acropolis museum in Athens, June 17, 2009.

via Josiah Ober | Economic Lessons From Ancient Greece | Foreign Affairs.

View original post

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s