Pre-Classical Economics

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Pre-Classical Economics - a term in economics that defines views of economics from the antiquity to the mid-eighteenth century, when economics gained the status of science, and Adam Smith's work was referred to as classical economics. Pre-Classical Economics covers the views of Greek and Greek philosophers and ethics: Xenophon, Plato, Aristotle, Cicero, medieval canonists: Thomas Aquinas, Nicolas of Oresme, utopian philosophers, among others. Tomas Morus and the makers of the Mercantilist period and physiocrats, represented by François Quesnay.

Economic life was presented by the creators of pre-class economics from the point of view of ethics and morality. Their views were normative and included assessments of the functioning of the economy and of the individual's conduct.

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