Next in order would seem to come a dissertation on Magnificence, this being thought to be, like liberality, a virtue having for its object-matter Wealth; but it does not, like that, extend to all transactions in respect of Wealth, but only applies to such as are expensive, and in these circumstances it exceeds liberality in respect of magnitude, because it is (what the very name in Greek hints at) fitting expense on a large scale: this term is of course relative: I mean, the expenditure of equipping and commanding a trireme is not the same as that of giving a public spectacle: “fitting” of course also is relative to the individual, and the matter wherein and upon which he has to spend. And a man is not denominated Magnificent for spending as he should do in small or ordinary things, as, for instance, “Oft to the wandering beggar did I give,” but for doing so in great matters: that is to say, the Magnificent man is liberal, but the liberal is not thereby Magnificent. The falling short of such a state is called Meanness, the exceeding it Vulgar Profusion, Want of Taste, and so on; which are faulty, not because they are on an excessive scale in respect of right objects but, because they show off in improper objects, and in improper manner: of these we will speak presently. The Magnificent man is like a man of skill, because he can see what is fitting, and can spend largely in good taste; for, as we said at the commencement, the confirmed habit is determined by the separate acts of working, and by its object-matter. Well, the expenses of the Magnificent man are great and fitting: such also are his works (because this secures the expenditure being not great merely, but befitting the work). So then the work is to be proportionate to the expense, and this again to the work, or even above it: and the Magnificent man will incur such expenses from the motive of honour, this being common to all the virtues, and besides he will do it with pleasure and lavishly; excessive accuracy in calculation being Mean. He will consider also how a thing may be done most beautifully and fittingly, rather, than for how much it may be done, and how at the least expense.