Jacob Bielfeld's ''On the ''Decline of States''(1760) and its Relevance for Today
The idea of economic decline has been with us for a very long time. The notion that human societies are bound to follow the cyclical patterns of nature . birth, life, decline and death . is found from the Greek philosophy of Plato to the Arab philosophy of Ibn-Khaldun. Only late Renaissance and Enlightenment Entzauberung. demystification . of the world picture view freed mankind from the cyclical vicissitudes of the blindfolded god-dess Fortuna and opened up for rational economic policy to prevent booms and bust.
|Date of creation:||Jan 2013|
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