Economic Method And Economic Fallacies

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13), "the great wealth that was stored up in the various temples, which they had a right to use; and if this should be denied to them he said they might have recourse to the golden ornaments of the goddess herself. He declared that her image had about it to the weight of forty talents of gold without alloy (that is, to the value of about 1 00, 000), * all which might be taken off the statue. He main- tained that for the preservation of their country it might be lawfully employed, but added that... it ought afterwards to be amply replaced. " Hecatseus, the historian, it may be remembered, as Herodotus tells us (v. 36), gave advice precisely similar 1 Boeckh, Public Economy of Athens, p. 447. FALLACIES BEARING ON MONETARY STANDARD 165 to the Milesians with regard to the treasures in the temple of Apollo at Branchidse when the siege of their city by Harpagus was threatened. His advice was not followed. Miletus was taken and the treasure fell into the hands of the Persians. In the very nature of the case, thus, it is apparent that there must of necessity in such cases have arisen an identity of interests between the State and the divinity, and, consequently, it could not be regarded as impiety to use, in the last resort, treasures which were necessary for the protection of the deity herself, no less than that of the city over which she presided.

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