Something remarkable happened in classical Greece, but we didn’t know about it until very recently. Against all historical odds, they nourished a successful class of entrepreneurs and became wealthy.

What fun to see a medieval, possibly even Ancient Greek, economic law being demonstrated here in front of us in our 21st century economy. I refer to the manner in which Gresham's Law is already being ...

Editor’s Note: When interviewing a Greek economist at the foot of the Acropolis a few years ago, we were heckled by a young anarchist. “We should get a dollar every time you use a Greek word in your ...

Did political decentralization foster classical civilization? That is one of the central claims of this fascinating new work of analytical history by the Stanford political scientist and classicist ...

Greece’s fiscal and economic crisis has sharpened debates among economists, political scientists, and policymakers about political institutions and economic growth. Do good institutions—democracy and ...

Traditionally, the reputation of classical Greece among economists has tended to be almost as low as that of the modern Greek finance ministry. ‘‘So far as we can tell,’’ wrote Joseph Schumpeter, ...

Slave freedom in ancient Greece followed a strategic system of earnings, pricing, and extended service, new research shows.

When we turn to the other most famous ancient Greek philosopher, Aristotle (384 B.C. – 322 B.C.), we find little of the political regimentation that characterizes his teacher, Plato. For Aristotle, ...

According to the prime minister, Greece is emerging from bailout life like Odysseus coming home to Ithaca. This comparison could use some work. In 2010, at a picturesque port on the island of ...

When it comes to economics, it’s easy to get caught up in big ideas: Money, the markets, trade, labor and more. Now, believe it or not, the study of these ideas can all be traced back to one guy in ...