Abstract

Amongst historians of economics it is generally assumed that while the term economics derives from the Greek term oikonomikos —the theory of household management—the ancient Greeks did not develop what we call economics. This paper traces the relation between the Greek term and the modern—a relation which is generally said not to exist. The paper is a critical theoretical attempt to begin to trace the underlying assumptions of modern economic theory as well as the more general question of the legacy of ancient Greece on the modern world