IDEAS home Printed from https://ideas.repec.org/a/eee/poleco/v26y2010i1p68-81.html
   My bibliography  Save this article

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

Author

Listed:
  • 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".

Suggested Citation

  • Bitros, George C. & Karayiannis, Anastassios D., 2010. "Morality, institutions and the wealth of nations: Some lessons from ancient Greece," European Journal of Political Economy, Elsevier, vol. 26(1), pages 68-81, March.
  • Handle: RePEc:eee:poleco:v:26:y:2010:i:1:p:68-81
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0176-2680(09)00057-3
    Download Restriction: Full text for ScienceDirect subscribers only

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Andranik Tangian, 2008. "A mathematical model of Athenian democracy," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 31(4), pages 537-572, December.
    2. Robert J. Barro, 1999. "Determinants of Democracy," Journal of Political Economy, University of Chicago Press, vol. 107(S6), pages 158-183, December.
    3. Levy, David M, 2002. "Robust Institutions," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 15(2-3), pages 131-142, June.
    4. 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.
    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. Morley,Neville, 2007. "Trade in Classical Antiquity," Cambridge Books, Cambridge University Press, number 9780521632799.
    7. 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 115-146, April.
    8. Daron Acemoglu & Simon Johnson & James Robinson, 2004. "Institutions as the Fundamental Cause of Long-Run Growth," NBER Working Papers 10481, National Bureau of Economic Research, Inc.
    9. Carl Lyttkens, 2006. "Reflections on the Origins of the Polis," Constitutional Political Economy, Springer, vol. 17(1), pages 31-48, March.
    10. Ian Morris, 2004. "Economic Growth in Ancient Greece," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 160(4), pages 709-709, December.
    11. Morley,Neville, 2007. "Trade in Classical Antiquity," Cambridge Books, Cambridge University Press, number 9780521634168.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. 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.
    2. Nicholas Kyriazis & Xenophon Paparrigopoulos, 2014. "War and democracy in ancient Greece," European Journal of Law and Economics, Springer, vol. 38(1), pages 163-183, August.
    3. Bitros, George C., 2012. "From Riches to Rags or What Went Wrong in Greece," MPRA Paper 43504, University Library of Munich, Germany.
    4. 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.
    5. 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.
    6. 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.
    7. Kyriacou, Andreas P., 2016. "Individualism–collectivism, governance and economic development," European Journal of Political Economy, Elsevier, vol. 42(C), pages 91-104.
    8. Tridimas, George, 2012. "How democracy was achieved," European Journal of Political Economy, Elsevier, vol. 28(4), pages 651-658.
    9. 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.
    10. Tridimas, George, 2015. "War, disenfranchisement and the fall of the ancient Athenian democracy," European Journal of Political Economy, Elsevier, vol. 38(C), pages 102-117.
    11. Bitros, George C., 2013. "European Union failures in Greece and some possible explanations," MPRA Paper 45017, University Library of Munich, Germany.
    12. repec:eee:joecas:v:8:y:2011:i:1:p:93-106 is not listed on IDEAS
    13. Kyriazis, Nicholas & Metaxas, Theodore, 2013. "The emergence of democracy: a behavioural perspective," MPRA Paper 47146, University Library of Munich, Germany.
    14. 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.
    15. Holler, Manfred J. & Leroch, Martin, 2010. "Efficiency and justice revisited," European Journal of Political Economy, Elsevier, vol. 26(3), pages 311-319, September.
    16. 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.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:poleco:v:26:y:2010:i:1:p:68-81. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dana Niculescu). General contact details of provider: http://www.elsevier.com/locate/inca/505544 .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.