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Aristotle (384-322 B.C.), the or so important thinker who has ever lived, advanced a body of thought with respect to the development of the components of a securities industry economy. He analyzed the scotch processes surrounding him and closeeavored to delineate the fix of economy within a society that included mer sighttile buying and selling. It follows that Aristotles economic writings continue to attract the amour of contemporary thinkers. His economic thought (especially his value theory) is insightful still occasionally contradictory and inconsistent.

Aristotles main contributions to economic thinking refer the exchange of commodities and the use of money in this exchange. Peoples inevitably, he said, are moderate, but peoples desires are limitless. Hence the production of commodities to run into needfully was right and natural, whereas the production of goods in an attempt to satisfy oceanic desires was unnatural. Aristotle conceded that when goods are produced to be sold in a market, it can be difficult to determine if this activity is satisfying needs or inordinate desires; but he assumed that if a market exchange is in the form of barter, it is made to satisfy natural needs and no economic gain is intended. utilise the medium of money, however, suggests that the objective of the exchange is monetary gain, which Aristotle condemned.




Aristotle agreed with Plato and most other Greek thinkers on the necessity of viewing economic activity in a broader context and not compartmentalizing inquiry. single of the interesting points Aristotle made is that the problem of scarcity can be addressed by reducing consumption, by changing human attitudes. This is a powerful idea for the various Utopians and socialists who hope to end societal conflicts by eliminating the conflicts that are inherent in scarcity.
humankind ACTION IN THE ECONOMY
Aristotle taught that economics is concerned with both the kinsfolk and the polis and that economics...If you want to get a full essay, order it on our website: Orderessay



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