Sir Thomas More's Utopia : An overlooked economic classic
Mangeloja, E., & Ovaska, T. (2019). Sir Thomas More's Utopia : An overlooked economic classic. Economic Affairs, 39(1), 65-80. https://doi.org/10.1111/ecaf.12326
Published inEconomic Affairs
© 2019 Institute of Economic Affairs
Sir Thomas More's Utopia, published in 1516, is a classic work of how to organise a society based on common property. With a unique mix of common property, institutions and sound economic insights, we argue that More built a framework for a society that could be viable in the long run. While the conditions that make Utopia work are quite restrictive, it does provide a sketch of a society where common property may not stifle long‐term development, but is associated with productive workers and people content with their lives.
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