A History of Greek Economic ThoughtTrever, Albert Augustus
History
A History of Greek Economic Thought
Trever, Albert Augustus
Economics -- Greece -- History; Thesis (Ph. D.)
interests of life are to be preserved, it must always be kept
subservient. First things must be placed first, both by the
individual[571] and by the state.[572]
PRODUCTION
It is often asserted that Aristotle denied the very existence of a
problem of production.[573] This statement has been based primarily on
certain passages in the _Politics_.[574] These passages, however, are
not a denial of the importance of production. Their purport is merely to
show that the chief aim of life is not to produce or to provide wealth,
but to use it for the advancement of life’s highest interest. From this
standpoint, both acquisition (κτητική) and production (ποιητική) are
subordinate arts.[575] So far is Aristotle from giving no place to
production, that a later chapter of the _Politics_ is devoted to the
consideration of the scheme of supply, including production.[576] To be
sure, he does not lay much emphasis on genuine production in his
enumeration. Industry is barely mentioned, while agriculture is
discussed in detail. His “free-holder” is a consumer of the gifts of
nature, rather than a real producer.[577] He classifies the truly
productive employments that work for themselves (αὐτόφυτον) as those of
the nomad, the farmer, the brigand, the fisherman, and the hunter, and
makes those that live by barter (ἁλλαγῆς) or trade (καπηλείας)
parasitic.[578]
In another passage, finance, strictly defined (οἰκειατάτη), is limited
to all forms of agriculture, and even the hired labor (μισθαρνία) of
industry is included in unnatural finance.[579] Aristotle has thus often
been compared to the physiocrats, who distinguished between creative and
parasitic classes of workers, upheld the “natural” order as the ideal,
and eulogized agriculture and the “extractive” industries as the only
productive ones. As Souchon[580] has observed, however, the resemblance
is only superficial. Yet the fact that he fails to see that exchange is
productive of a time and place value, and the fact that he includes
hired labor, skilled and unskilled, among the unnatural activities, are
sufficient evidence that he had only a superficial grasp of the
principles of production.[581] But the frequent assertion that he
includes brigandage and war among the productive arts is unwarranted,
for he classifies them only among the acquisitive means.[582]
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