Ad Gloriam Dei

"Therefore, whether you eat or drink, or whatever you do, do all to the glory of God." - 1 Corintians 10:31

"Let us pursue the things which make for peace and those by which one may edify another"- Romans 14:19

"As iron sharpens iron, so a man sharpens the countenance of his friend." - Proverbs 27:17

Monday, January 22, 2007

Economic Deja Vu?

I came across this interesting quote recently (see this BBC article in this context):

‘In return for her exports India wanted little but gold… The balance of trade was unfavourable to the West, and resulted in a serious drain of gold from the Roman Empire. This was recognised by Pliny, who, inveighing against the degenerate habits of his day, computed the annual drain to the East as 100 million sesterces, “so dearly do we pay for our luxury and our women”. The drain of gold to the East was an important cause of the financial difficulties in the Roman Empire from the reign of Nero onwards.’

A.L. Basham, ‘The Wonder that was India (Pliny is quoted from his ‘Natural History’ Bk 12.18.

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