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Wealth and Poverty: Classical Economic Thought

In: Prophecy, Piety, and Profits

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  • Ayman Reda

    (The University of Michigan - Dearborn)

Abstract

This chapter examines the views of the classical economists on the topic of wealth and poverty, in addition to the views of the philosophers of the Renaissance and the Enlightenment. In particular, we examine the views of Thomas Hobbes, John Locke, Jeremy Bentham, David Hume, and Adam Smith, and the lasting impact such views had on the subsequent intellectual discourse. The chapter highlights the great departure that occurred in the modern intellectual view of wealth and poverty from the earlier Greek and Christian traditions.

Suggested Citation

  • Ayman Reda, 2018. "Wealth and Poverty: Classical Economic Thought," Palgrave Studies in Islamic Banking, Finance and Economics, in: Prophecy, Piety, and Profits, chapter 0, pages 153-159, Palgrave Macmillan.
    • Handle: RePEc:pal:psibcp:978-1-137-56825-0_11
    DOI: 10.1057/978-1-137-56825-0_11
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