ABSTRACT
Although economic science is not more than some two centuries old, discussion and analysis of economic matters has existed for a very long time. Roman A.Ohrenstein and Barry Gordon, who have attempted to outline the understanding of economic processes in Talmudic literature, explain the contributions of various civilizations to the history of economic thought as follows:
Economics, as we know it today, began to take shape in Europe during the eighteenth century. Yet, economic analysis has a much longer lineage. Such analysis may be found in the writings of the ancient Greek philosophers, Islamic scholars, medieval schoolmen, and the Mercantilists of the sixteenth and seventeenth centuries. The literature of ancient China, as well as that of India, also provides instances.
