It is never a bad idea to remind students of economics that, long before Smith’s Wealth of Nations gave birth to modern economics, complex and vivid discussion of economics were already happening. They have been happening, I am certain, for as long as humans have trucked, bartered, and exchanged. Two excellent reminders of the length and complexity of the human interest in economic matters are the summary of Stoic ethics by Aurius Didymus, from the first century BCE, and Cicero’s De Officiis (44 BCE).
Most striking in the Didymus text is that his continued interest in the Stoic definition of the virtuous man gives particular attention to the economic aspects of the virtuous man. At the end of an extended litany of the qualities of the virtuous man, DidymusRead More »