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Morality, institutions and the wealth of nations: Some lessons from ancient Greece

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  • Bitros, George C.
  • Karayiannis, Anastassios D.

Abstract

The character and the morality of citizens are important for prosperity because they go hand in hand with the great institutions of private property, democracy, and free markets. We establish this result by reference to the city-states of Athens and Sparta during the period 490-338 BC. Consequently, we conclude, countries in search of policies to escape from the trap of poverty should not only try to emulate the institutions of economically advanced countries but furthermore they should set up educational systems to infuse into the value systems of their citizens' compatible "ethos".

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Bibliographic Info

Article provided by Elsevier in its journal European Journal of Political Economy.

Volume (Year): 26 (2010)
Issue (Month): 1 (March)
Pages: 68-81

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Handle: RePEc:eee:poleco:v:26:y:2010:i:1:p:68-81

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Web page: http://www.elsevier.com/locate/inca/505544

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Keywords: Ancient Greece Morality Institutions Wealth Economic development;

References

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  1. Morley,Neville, 2007. "Trade in Classical Antiquity," Cambridge Books, Cambridge University Press, number 9780521634168.
  2. Barro, Robert J., 1999. "Determinants of Democracy," Scholarly Articles 3451297, Harvard University Department of Economics.
  3. Acemoglu, Daron & Johnson, Simon & Robinson, James A, 2004. "Institutions as the Fundamental Cause of Long-Run Growth," CEPR Discussion Papers 4458, C.E.P.R. Discussion Papers.
  4. Morley,Neville, 2007. "Trade in Classical Antiquity," Cambridge Books, Cambridge University Press, number 9780521632799.
  5. Louis Kaplow & Steven Shavell, 2007. "Moral Rules, the Moral Sentiments, and Behavior: Toward a Theory of an Optimal Moral System," Journal of Political Economy, University of Chicago Press, vol. 115, pages 494-514.
  6. Fleck, Robert K & Hanssen, F Andrew, 2006. "The Origins of Democracy: A Model with Application to Ancient Greece," Journal of Law and Economics, University of Chicago Press, vol. 49(1), pages 115-46, April.
  7. Levy, David M, 2002. " Robust Institutions," The Review of Austrian Economics, Springer, vol. 15(2-3), pages 131-42, June.
  8. Bitros, George C. & Karayiannis, Anastassios D., 2008. "Values and institutions as determinants of entrepreneurship in ancient Athens," Journal of Institutional Economics, Cambridge University Press, vol. 4(02), pages 205-230, August.
  9. Ian Morris, 2004. "Economic Growth in Ancient Greece," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 160(4), pages 709-, December.
  10. Andranik Tangian, 2008. "A mathematical model of Athenian democracy," Social Choice and Welfare, Springer, vol. 31(4), pages 537-572, December.
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Citations

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Cited by:
  1. Manfred J. Holler & Alain Marciano, 2010. "Machiavelli’s Possibility Hypothesis," Czech Economic Review, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, vol. 4(1), pages 018-031, March.
  2. Tridimas, George, 2012. "How democracy was achieved," European Journal of Political Economy, Elsevier, vol. 28(4), pages 651-658.
  3. Pitsoulis, Athanassios, 2011. "The egalitarian battlefield: Reflections on the origins of majority rule in archaic Greece," European Journal of Political Economy, Elsevier, vol. 27(1), pages 87-103, March.
  4. Anastassios Karayiannis & Aristides Hatzis, 2012. "Morality, social norms and the rule of law as transaction cost-saving devices: the case of ancient Athens," European Journal of Law and Economics, Springer, vol. 33(3), pages 621-643, June.
  5. Kyriazis, Nicholas & Paparrigopoulos, Xenophon & Economou, Emmanouel/Marios/Lazaros, 2013. "The Glue of Democracy: Economics, Warfare and Values in Classical Greece," MPRA Paper 45117, University Library of Munich, Germany.
  6. Rosenberg, Jacob & Weiss, Avi, 2012. "Property rights and institutions in biblical society: The purchase of the Cave of the Patriarchs," European Journal of Political Economy, Elsevier, vol. 28(3), pages 279-285.
  7. Kyriazis, Nicholas & Metaxas, Theodore, 2013. "The emergence of democracy: a behavioural perspective," MPRA Paper 47146, University Library of Munich, Germany.
  8. George Tridimas, 2012. "Constitutional choice in ancient Athens: the rationality of selection to office by lot," Constitutional Political Economy, Springer, vol. 23(1), pages 1-21, March.
  9. Bitros, George C. & Karayiannis, Anastasios D., 2009. "Character, knowledge and skills in ancient Greek education: Lessons for today’s policy makers," MPRA Paper 18012, University Library of Munich, Germany.
  10. Bitros, George C., 2013. "European Union failures in Greece and some possible explanations," MPRA Paper 45017, University Library of Munich, Germany.
  11. Holler, Manfred J. & Leroch, Martin, 2010. "Efficiency and justice revisited," European Journal of Political Economy, Elsevier, vol. 26(3), pages 311-319, September.
  12. Bitros, George C., 2012. "From Riches to Rags or What Went Wrong in Greece," MPRA Paper 43504, University Library of Munich, Germany.

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