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

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

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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File URL: http://www.sciencedirect.com/science/article/B6V97-4WN2XMS-1/2/1a3db6530b55774afd4e30c7a37aae93
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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
Contact details of provider: Web page: http://www.elsevier.com/locate/inca/505544

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  1. Daron Acemoglu & Simon Johnson & James Robinson, 2004. "Institutions As The Fundamental Cause Of Long-Run Growth," DOCUMENTOS CEDE 002889, UNIVERSIDAD DE LOS ANDES-CEDE.
  2. Andranik Tangian, 2008. "A mathematical model of Athenian democracy," Social Choice and Welfare, Springer, vol. 31(4), pages 537-572, December.
  3. Levy, David M, 2002. " Robust Institutions," The Review of Austrian Economics, Springer, vol. 15(2-3), pages 131-42, June.
  4. Robert J. Barro, 1999. "Determinants of Democracy," Journal of Political Economy, University of Chicago Press, vol. 107(S6), pages S158-S183, December.
  5. repec:cup:cbooks:9780521634168 is not listed on IDEAS
  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. Ian Morris, 2004. "Economic Growth in Ancient Greece," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 160(4), pages 709-, December.
  8. repec:cup:cbooks:9780521632799 is not listed on IDEAS
  9. Carl Lyttkens, 2006. "Reflections on the Origins of the Polis," Constitutional Political Economy, Springer, vol. 17(1), pages 31-48, 03.
  10. 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.
  11. 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.
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