A History of Greek Economic ThoughtTrever, Albert Augustus
History
A History of Greek Economic Thought
Trever, Albert Augustus
Economics -- Greece -- History; Thesis (Ph. D.)
Plato has much to say of wealth, though he deals with it strictly from
the standpoint of the moralist. We look in vain for a clear definition,
or for a consistent distinction of economic wealth from other goods. His
terms are πλοῦτος, used of both material and spiritual wealth; χρήματα,
often interpreted literally of “useful things,” as the basis of the
subjective doctrine of value discussed above; κτήματα, “possessions,”
and such words as χρυσός and ἀργύριον. His use of these terms,
especially the first, is ambiguous. At times he means material goods
only; again, like Ruskin, he includes every human good, intellectual and
moral as well;[80] again he means “excessive wealth.”[81] As a result of
his conception of value, he includes in material wealth all those
objects that depend for their worth upon wise use and character in the
possessor.[82] Material wealth is regularly placed last by Plato, as
inferior to all other goods of soul or body, a mere means, and not an
end in itself,[83] for virtue does not come from property, but property
and all other goods from virtue.[84] Material goods should be the last
thing in one’s thought,[85] and the fact that people universally put
them first is the cause of many ills to state and individual alike.[86]
Wealth is not blind, if only it follows wisdom.[87] The things usually
called goods are not rightly so named, unless the possessor be just and
worthy.[88] To the base, on the other hand, they are the greatest
evil.[89] In all of this, Plato is the forerunner of Ruskin, with his
characteristic assertions: “Only so much as one can use is wealth,
beyond that is illth”; and “Wealth depends also on vital power in the
possessor.”[90]
Plato especially inveighs against excessive wealth and luxury.[91] Men
are urged not to lay up riches for their children, since great wealth is
of no use to them or the state.[92] The prime object of good legislation
should not be, as is commonly supposed, to make the state as rich as
possible,[93] since excessive wealth and luxury decrease productive
efficiency,[94] are incompatible with the highest character or
happiness, being based on both unjust acquisition (κτῆσις) and unjust
expenditure (ἀναλώματα),[95] produce degeneration in individual and
nation,[96] and are the direct cause of war[97] and civic strife.[98]
Were it feasible, he would prefer to go back to the simpler life of
earlier times, before luxury and the inordinate desire for riches had so
dominated all society.[99] Of course he realizes that such a return is
impossible, but he has little hope of any other escape from the evils.
He is thus led to express the belief that the fewer wants the better, a
doctrine common also to Ruskin, Carlyle, and Thoreau.[100]
Public-domain text, read in full here on John Shaqi.
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