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The Orthodox Nationalist: Byzantine Economic Thought - TON 070523

 Dr. Johnson discusses Byzantine economic thought. While much ink has been spilled on the usury debate in the western world, economic rationality from the eastern part of Europe remains largely unknown. As Byzantium was a stable political system while chaos reigned in the west, her economic thinking had a different trajectory.  Economic science is a part of practical reason, or how truth is manifested in action. In Christian economics, the common good serves as the benchmark of a just economic exchange, not the good of the individual. Byzantium was unique in its stability and power, and the faith it was granted – even by its enemies – is a testament to her just constitution. It was so stable because the Byzantine state ensured economic justice. The core of Byzantine economic theory is one of the reasons it outlasted western Rome by a thousand years.


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