Ibn Khaldun Father of Economics

@Sam – actually Ibn Khaldun, the father of sociology, was the first (in 14th century Tunisa) to speculate that cultures undergo long cycles of rise and decline http://en.wikipedia.org/wiki/Ibn_Khaldun Ironically his disciples did not take up his ideas and he was not rediscovered until centuries later. Personally, I think that America must decline while some nation such as China or India must increase …. When civilization [population] increases, the available labor again increases. In turn, luxury again increases in correspondence with the increasing profit, and the customs and needs of luxury increase. Crafts are created to obtain luxury products. The value realized from them increases, and, as a result, profits are again multiplied in the town. Production there is thriving even more than before. And so it goes with the second and third increase. All the additional labor serves luxury and wealth, in contrast to the original labor that served the necessity of life. ……….Businesses owned by responsible and organized merchants shall eventually surpass those owned by wealthy rulers.
Ibn Khaldun on economic growth and the ideals of Platonism.

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@Suzanne: I agree. Tutor Eva Brann is one of the greatest minds I have ever personally experienced albeit from a row in the FSK auditorium. Her 1967 lecture “The Student’s Problem” is magnificent. I will say that when I glanced at something she wrote about Postmodernism, I felt that she was understandably writing from her own SJC agenda (the Pope IS after all Catholic, and bears do use Charmin in the woods) but it occurred to me that there are young people who choose to pursue that Pomo direction (e.g. CJ .. I think I have to check my list) and one should not just categorically denounce everything which is different. She also wrote something recently which spoke of “philosophers peeking into the windows of the scientists to see what they are doing” and I suspect I might personally find some problem with what was said there. I share these things to acknowledge Suzanne’s point that in some way we are in the dark… no not dark… let us be kindly and say that Newton stands upon the shoulders of giants, and we are not in the dark but in the shadows of giants.

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