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Timeline of History of Economics Levin R.

Gamo COE2A

Timeline of History of Economics

Fan Li wrote on economic Plato's dialogue The Republic, Thomas Aquinas (1225–1274) Mercantilism dominated Europe
issues and developed a set of specialization of labor and concept of a just price from the 16th to the 18th century.
"golden" business rules. to production, credit theory of money

517 B.C. 380-360 B.C. 500-1500 A.D. 16th-18th Century

360 B.C. 350 B.C. 1389-1459

Xenophon's (c. 430 – 354 Aristotle c. 350 BC discusses the Saint Antoninus of Florence (1389–
BC) Oeconomicus (c. 360 BC) is general nature of households and 1459) distinguishes between the
a dialogue principally about household market exchanges. Money as natural value of a good and its
management and agriculture. medium of exchange practical value.

Keynesianism (20th century) Adam Smith(1723–1790) is


A Tract on Monetary Reform (1923) popularly seen as the Father of
Games, evolution and growth (which argues for a stable currency) modern political economy. Smith
theories (20th century) that a variety of factors determined
argued for a "system of natural
economic activity, and that it was not
enough to wait for the long run liberty" where individual effort was the
20th Century market equilibrium to restore itself producer of social good.

201th Century 18th Century

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