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An Ancient Business Success and a Medieval Business Failure: Lessons in Ethics from Old Business Approaches and Practices

In: Leadership through the Classics

Author

Listed:
  • Marios Philippides

    (University of Massachusetts)

Abstract

An early success in business through the foresight of a brilliant individual created the foundation of a city state under a newly founded democracy, and the brilliant “marriage” of private initiative to a state mechanism created a new form of a state which went on to become the foundation of western civilization. This early form of primitive socialism under the guidance of enlightened individuals further created the first notable sea empire in Europe; but its origins went back to the policies of an individual who achieved a successful formula balancing wisely private and state finances, which ensured the employment of most of the city state’s poor citizens by guaranteeing an annual state salary through the state employment of the free but financially underprivileged citizens in the business of the state. The dawn of the classical age was thus based on a happy balance between the private individual and state employment.

Suggested Citation

  • Marios Philippides, 2012. "An Ancient Business Success and a Medieval Business Failure: Lessons in Ethics from Old Business Approaches and Practices," Springer Books, in: Gregory P. Prastacos & Fuming Wang & Klas Eric Soderquist (ed.), Leadership through the Classics, edition 127, chapter 0, pages 351-361, Springer.
    • Handle: RePEc:spr:sprchp:978-3-642-32445-1_23
    DOI: 10.1007/978-3-642-32445-1_23
    as

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