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Aristotle on the Vices and Virtue of Wealth

Peter Hadreas
Journal of Business Ethics
Vol. 39, No. 4, Theoretical Foundations (Sep., 2002), pp. 361-376
Published by: Springer
Stable URL: http://www.jstor.org/stable/25074851
Page Count: 16
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Aristotle on the Vices and Virtue of Wealth
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Abstract

Drawing primarily on the Nicomachean Ethics, Book IV, Chapter 1 disquisition of the virtue of Liberality, Aristotle's account of the vices of virtue of wealth is discussed in detail. Historical differences between Aristotle's post-Periclean and modern post-industrial ideas of ownership, finance and trade organizations are introduced so to evaluate the relevance of Aristotle's approach to current investigations in business ethics. It is concluded that the lasting value of Aristotle's approach lies in its capacity to incorporate wealth into a comprehensive ordering of human goods.

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