The Economic History of Alexander the Great and his Expedition from Greece to India

Xenophon is credited with developing economic theory and policy in Ancient Greece. Alexander the Renowned was a superb Hellenic monarch, civilizer, and “forerunner” who lived in the fourth century B.C. He was also a great economist, as he had to manage the economics of his huge campaign from Greece to India, as well as develop an efficient and successful public policy for his large Empire. “He sought neither pleasure or fortune, but only greatness and glory,” according to the moral and ethical Greek philosophy of the period. Alexander had stated, “…I am glad the gods that I was birth Hellen…” and possessed all of the Hellenic moral and ethical principles, making him one of the most influential people in history. With salary rates, health and welfare, construction projects, supplies, transportation, tax reforms, indirect taxes and donations, loans, coin minting, and even controlling financial scandals and other information useful to our policymakers today, he had demonstrated exceptional management abilities. We use information from different historians of his time to compute and compare prices, and we use the weights of gold and silver coins to measure his budgets. The goal is to compare the expenses and revenue streams of this trip using the Greek drachma and the US currency as of today. The surpluses of Alexander’s economic policies are highly valuable to our modern leaders and experts. Also discussed is the history and role of this extraordinary man, as well as the contribution of Greek civilization and language to God’s plan for His revolted and deluded creation and humanity to be able to understand and accept His revelation, which Greeks had been anticipating since the Golden Age of Athens.

Author(S) Details

John N. Kallianiotis
Economics/Finance Department, The Arthur J. Kania School of Management, University of Scranton., Scranton, PA 18510-4602, U.S.A.

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