Here are some loud thoughts that reflect upon the relationship that had long existed amidst philosophy, religion and economics in the so-called ‘grand’ civilizations (that had existed during 3100 BC to the beginning of Christian era). Historically, the visions of intellectuals, rulers, men of faiths, and business people have helped drive these civilizations to their zenith. The philosophies, religions, and economics of the time were deeply involved in this process of development, and seem to have acted in unison. Here is an attempt to provoke some fresh thinking on the subject by re-examining this triad relationship of the fundamental spheres of human life. The logic of this paper attempts to raise doubts, if the relationship was ideal and was based on ethical and moral values, as it was proclaimed by the philosophers, pontiffs, politicians and the business leaders of the time.