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Roman Frugality offers the first-ever systematic analysis of the variants of individual and collective self-restraint that shaped ancient Rome throughout its history and had significant repercussions in post-classical times. In particular, it tries to do the complexity of a phenomenon justice that is situated at the interface of ethics and economics, self and society, the real and the imaginary, and touches upon thrift and sobriety in the material sphere, but also modes of moderation more generally, not least in the spheres of food and drink, sex and power. Adopting an interdisciplinary approach drawing on ancient history, philology, archaeology and the history of thought, the volume traces the role of frugal thought and practice within the evolving political culture and political economy of ancient Rome from the archaic age to the imperial period and concludes with a chapter that explores the reception of ancient ideas of self-restraint in early modern times.
Thriftiness --- History --- Frugality --- Finance, Personal --- E-books --- History. --- Thriftiness - History
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Austerity is at the center of political debates today. Its defenders praise it as a panacea that will prepare the ground for future growth and stability. Critics insist it will precipitate a vicious cycle of economic decline, possibly leading to political collapse. But the notion that abstinence from consumption brings benefits to states, societies, or individuals is hardly new. This book puts the debates of our own day in perspective by exploring the long history of austerity-a popular idea that lives on despite a track record of dismal failure. Florian Schui shows that arguments in favor of austerity were-and are today-mainly based on moral and political considerations, rather than on economic analysis. Unexpectedly, it is the critics of austerity who have framed their arguments in the language of economics. Schui finds that austerity has failed intellectually and in economic terms every time it has been attempted. He examines thinkers who have influenced our ideas about abstinence from Aristotle through such modern economic thinkers as Smith, Marx, Veblen, Weber, Hayek, and Keynes, as well as the motives behind specific twentieth-century austerity efforts. The persistence of the concept cannot be explained from an economic perspective, Schui concludes, but only from the persuasive appeal of the moral and political ideas linked to it.
Consumption (Economics) -- History. --- Economic policy -- History. --- Saving and investment -- History. --- Thriftiness -- History. --- Consumption (Economics) --- Thriftiness --- Saving and investment --- Economic policy --- Business & Economics --- Economic History --- History --- History. --- Accumulation, Capital --- Capital accumulation --- Capital formation --- Investment and saving --- Saving and thrift --- Frugality --- Capital --- Supply-side economics --- Wealth --- Investments --- Finance, Personal --- E-books
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