Wednesday, January 25, 2012

Brad DeLong & Comment

Quote of the Day: January 25, 2012
"The history of enterprise in antiquity therefore falls naturally into two periods. First is the development of economic practices in Mesopotamia circa 3500-1200 BC. By the end of antiquity we find gain-seeking shifting away from productive enterprise to land acquisition, usury, profiteering from political office, and extraction of foreign tribute by force…"

--David S. Landes, Joel Mokyr, and William J. Baumol, The Invention of Enterprise

12:59 AM in Books, Economics, Economics: Growth, Economics: Health | Permalink

Comments
Gene O'Grady said...
Uh, when was this end of antiquity?