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Economic History

Honors Theses

Finance

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Capitalism In Ancient Rome And Ancient Greece: Risk And Unethical Business, Sam Goldman Jun 2013

Capitalism In Ancient Rome And Ancient Greece: Risk And Unethical Business, Sam Goldman

Honors Theses

This thesis compares the business practices of the upper classes of ancient Greece, and ancient Rome. Specifically, I dissect the business decisions that were made with an effort to increase social status. I will focus on the relationship between the social perception of material wealth and the risk or (unethical business practices) that ancient members of the upper classes faced when they attempted to increase their material wealth. In my first chapter I look at the issuance of maritime loans and the risk associated with this type of finance. I discuss the origin of the business, some of the factors …