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Author Ronnick, Michele V., author

Title What to do in a debt crisis? : the case of Solon and Athenian debt slavery / Michele Valerie Ronnick
Published London : SAGE Publications: SAGE Business Cases Originals, 2020


Description 1 online resource
Series SAGE Business Cases
SAGE Business Cases
Summary Solon, the sixth century poet and statesman (c. 630-c. 560 BC), "left norms of proper conduct that carry important ethical implications for all manner of human affairs, including commercial activities and the pursuit of wealth" (Lewis, 2009: 123). Solon was concerned about widespread debt in Athens, which pushed many small landholders and farm workers into selling the only thing they still possessed, namely themselves, into slavery after defaulting on loans.What can we learn from Solon in an era that bandies about the phrase "wage slaves" and has seen the treatment that the European Union has given to Greece as a debtor state? Students are asked to think about this and related questions. They may also formulate their own opinions and ask themselves why this problem is so persistent in human history. Can the relationship between the debtors and creditors in a society be more fairly designed? What are the consequences to a society when numbers of common people are crushed by debt? Should the wealthy members of a community be concerned about income inequality? How does altruism (or philanthropy for that matter) fit into this question? An examination of Solon's solutions to these problems (not only what he did, but the manner that he did it) offers us a valuable window from which to view business practices about credit and debt today
Bibliography Includes bibliographical references and index
Notes Description based on XML content
Subject Solon, approximately 630 B.C.-approximately 560 B.C.
Solon, approximately 630 B.C.-approximately 560 B.C.
Peonage -- Greece -- Case studies
Debtor and creditor -- Case studies
Debtor and creditor.
Genre/Form Case studies.
Form Electronic book
ISBN 9781529724622