Showing 4 articles
Capitalism and Socialism in Plato’s Republic
Author: Gilad SommerJune 24, 2023
Capitalism and Socialism are commonly portrayed as two contrasting approaches to the distribution of resources within a society. In very simple terms, Capitalism advocates for the freedom of economic activity and individual ownership of property, while Socialism promotes regulated economic activity, and communal ownership of property. Based on these basic definitions, one can understand why [...]
Adam Smith v. Plato: on the Division of Labour and Market Forces
Author: Julian ScottMay 11, 2023
In Book II of Plato’s Republic, Socrates imagines how a typical society might develop from simple beginnings into a more complex and organized entity. He speculates that, initially, everyone might do everything for themselves, such as building their own houses, making their own clothes and growing their own food. But soon, he says, people would [...]
The Myth of Unending Progress
Author: Jorge Angel LivragaAugust 26, 2014
The term “progress” derives from the Latin “progressus” which means, quite simply, the action of going forward. It is a mere illusion of the senses, intoxicated with hope, the supposition that every forward movement is synonymous with improvement, happiness and joy. The arithmetic progression of 1, 2, 3, 4, etc. does not mean that 2 [...]
How to solve the economic crisis: Initiatives inspired by the teachings of Plato and Confucius
Author: James H LeeAugust 4, 2014
The modern liberal economic system has proven incapable of solving the economic and financial crises in the world,using traditional solutions. Initiatives undertaken by brave men and women whose creativity and determination inspired by timeless teachings of Plato and Confucius are showing the way. The term “State” initiated by the Treaty of Westphalia in 1648 (1) [...]