During the Ancient times, economy as an independent discipline, as we know it today, didnt exist. What emerges as the most profound evidence from the ancient period is the contribution of great thinkers and philosophers towards the development of economy and economics. The pioneer ideas caught attention of the entire state and many who think alike. The word economy originates from the Greek word Oikos (home) and Nomos (law), firstly used by Xenophon. Certain amount of historical facts show that the origin of the learnings of economics comes from Greece. Economics has been thought through ethics and philosophy, but also through verbal debates passing on the learnings onto the pupils. Forthcoming civilizations used already existing knowledge towards developing new ideas, including new manufacturing and creating new social orders. However, todays economy situation leaves rather unpleasant taste. On one hand, economy has been established as an independent discipline, while on the other, the long living issues, originating from ancient period have not been resolved to the date. The initial core if the issues still remains. There's no question or doubt as to whether ancient economic philosophies are still in extensive use today. The modern economy has evolved over centuries to become what it is today. The study of the history of economic thought enables the world today to appreciate the contributions various writers have made to development of economics as a discipline. Although ancient economic theories were sometimes unclear, contradictory, or presented in a rudimentary manner, they form the basis of economic analysis today. These theories are still being used today by the world's largest and most complicated and sophisticated economies.