CAN RECESSION IN CURRENT SCENARIO ECONOMY BE RELATED TO ANY ASPECT OF ANCIENT TIMES?
I don’t suppose the ancients had a way of measuring GDP, and therefore technically they could not know if they were in recession. The dangers of a slow down in the economy be it a barter system or a monetary system may be shown to effect ancient civilisations, but the scale of our economy makes the effect more dramatic. A ‘slower’ ancient economy would not be as volatile as the ‘house of cards economy that we have built. In these times, many would have been largely self-sufficient so their forays into the ‘market’ would be peripheral – nowadays every job is at risk from a global collapse.
