From poverty to prosperity : the recalibration of frugality

Author: Berry, Christopher J.
Title: From poverty to prosperity : the recalibration of frugality
Review/Collection: In : Gildenhard I, Viglietti C, eds. Roman Frugality: Modes of Moderation from the Archaic Age to the Early Empire and Beyond. Cambridge University Press, 2020, 415 p.
Year edition: 2020
Pages: 372-399
Keywords: Héritage - Fortuna - Legacy, Philologie - Filologia - Philology
Description: The chapter traces the incorporation of the ideal of frugality in its sense of material sobriety, as devised especially by Cicero drawing upon the middle Stoa, into Christian thought and its subsequent ‘demoralisation’ by David Hume and Adam Smith on the grounds that luxury or opulence would enhance the overall material well-being of society. It argues that the two Scottish philosophers nevertheless partially re-incorporated ‘frugality’ in their system of thought as economic prudence directed to the acquisition of fortune as a way of sacrificing present advantage for greater return in future. [Author]
Author initials: Berry C. 2020