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According to Herodotus, after Croesus was defeated by the Medes
and before the Persian empire took over Greek Ionia, Thales suggested that the Ionians establish
a central seat of government in Teos which would still allow the other cities to enjoy their own
laws.
Aristotle reported that to prove he could make his knowledge practical Thales used his
astrological wisdom to predict an abundant olive crop and hired all the oil presses in Miletus and
Chios when they were cheap and then leased them later at a great profit, showing that
philosophers could become rich; but that is not what they pursue...
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