Term
| Homer say which way of acquiring wealth superior, war or trade? |
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Definition
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Term
| What is the most important aspect in Homers view? |
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Definition
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Term
| Did Hesiod see warlike virtues or agriculture as the way to prosperity? |
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Definition
| Agricultural self-sufficiency |
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Term
| In Xenophon's (430-534 BC) time what was the main source of wealth? |
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Definition
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Term
| Who was the teacher of the other two; Pluto, Socrates, or Xenophon? |
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Definition
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Term
| What is Xenophon's Oikonomikos about? |
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Definition
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Term
| What did Plato say about trade, interest and profits? |
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Definition
| Trade was to be limited, no profits or payments of interest |
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Term
| Who was the teacher of the two; Aristotle (384-322 BC) or Plato? |
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Definition
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Term
| What are the 3 types of justice Aristotle distinguished? |
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Definition
| Distributive, Rectificatory, and Reciprocal |
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Term
| What were the 3 functions of money in Aristotle's view? |
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Definition
| Means of exchange, measure of value, and a store of value |
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Term
| What groups were responsible for natural law? |
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Definition
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Term
| What are Romans responsible for? |
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Definition
| Jurisprudence & corporations |
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Term
| In the Old Testament what was the view on usury? |
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Definition
| It was forbidden to charge interest to fellow Israelite's. |
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Term
| In Judaism how were traders & moneylenders viewed? |
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Definition
| They along with the pursuit of wealth was frowned upon |
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Term
| When was Islamic dominance & crisis years? |
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Definition
| Dominated from 750-1250 and endured crisis from 1250-1500. |
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Term
| What did the Koran say about taxes, usury, and inheritance? |
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Definition
| Income & property should be taxed to support the poor, usury was prohibited, and inheritance was broken up |
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Term
| Did the Koran support free markets? |
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Definition
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Term
| What did Averroes (1126-1198) add to Aristotle's 3 uses of money |
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Definition
| Reserve of purchasing power |
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Term
| Why did Averroes say money must be unchangeable? |
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Definition
| It was the measure of all things, and changes in value were unfair. Aristotle said the ruler could change at will. |
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Term
| How far did Islamic society reach? |
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Definition
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