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Sir Thomas More's Utopia: An overlooked economic classic

Author

Listed:
  • Esa Mangeloja
  • Tomi Ovaska

Abstract

Sir Thomas More's Utopia, published in 1516, is a classic work of how to organise a society based on common property. With a unique mix of common property, institutions and sound economic insights, we argue that More built a framework for a society that could be viable in the long run. While the conditions that make Utopia work are quite restrictive, it does provide a sketch of a society where common property may not stifle long‐term development, but is associated with productive workers and people content with their lives.

Suggested Citation

  • Esa Mangeloja & Tomi Ovaska, 2019. "Sir Thomas More's Utopia: An overlooked economic classic," Economic Affairs, Wiley Blackwell, vol. 39(1), pages 65-80, February.
    • Handle: RePEc:bla:ecaffa:v:39:y:2019:i:1:p:65-80
    DOI: 10.1111/ecaf.12326
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    References listed on IDEAS

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    3. Frank, Robert H, 1987. "If Homo Economicus Could Choose His Own Utility Function, Would He Want One with a Conscience?," American Economic Review, American Economic Association, vol. 77(4), pages 593-604, September.
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