A History of Greek Economic ThoughtTrever, Albert Augustus
History
A History of Greek Economic Thought
Trever, Albert Augustus
Economics -- Greece -- History; Thesis (Ph. D.)
Aristotle almost outdoes Plato in his subordination of all production to
ethics, though he keeps their respective aims more distinct. According
to him, the productive arts are not ends in themselves. They are means
to the supreme end of the moral life, whose first interest is not in
production, but in right action.[583] As seen in our discussion of
Plato, such a doctrine is not fruitful, economically. If interpreted too
rigidly, it stifles commerce and industry. Yet, at bottom, it holds a
great truth which modern economists are emphasizing—the fact that wealth
and production alike must be subordinated to the general individual and
social good. Moreover, the philosopher should not be interpreted in too
hard-and-fast a manner. Barker is extreme in his statement that the
economic theory of Aristotle is a mere treatise on “the ethics of family
life” and that “the fundamental characteristic of his idea of production
is a reactionary archaism, which abolishes all the machinery of
civilization in favor of the self-supporting farm and a modicum of
barter.”[584] Bonar’s assertion is also unwarranted, that “Aristotle
thinks it beneath the dignity” of his discourse to give the practical
details of agriculture and industry “more than a cursory notice.”[585]
Such details were not germane to the plan of his work, and would
certainly be considered out of place in a modern general text on
economics. Aristotle’s economic doctrine, as a whole, is certainly far
broader in scope than the family, and, while based upon ethics, is
something more than an ethical treatise. As seen above, he recognizes
the necessity of a moderate acquisition of wealth, both for the
prosperous state and for the virtuous man, and demands only that the
human interest be put first.[586]
_Agriculture._—Of the factors that enter into production, Aristotle is,
like the other Socratics, most interested in natural resources. He
emphasizes especially the agricultural life. To his mind, it is the only
true foundation of “natural finance,” since the financial means should
be provided in nature herself.[587] Natural finance (οἰκειατάτη) is made
to include only a proper knowledge of the care of land, cattle, bees,
fowl, and other natural resources.[588] It is natural, since it does not
earn at the expense of others, as do retail trade and other methods of
false finance. Aristotle also reveals his interest in agriculture by
giving a bibliography of the subject. He names Charetides of Paros,
Apollodorus of Lemnos, “and others on other branches”—a hint that many
such works on practical economics may be lost to us.[589] However, his
interest, even in this primary industry, is not of a practical nature,
like that of Xenophon. He relegates it to the non-citizen classes, along
with commerce and the mechanical arts.[590]
Public-domain text, read in full here on John Shaqi.
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