IDEAS home Printed from https://ideas.repec.org/a/eee/joecas/v8y2011i1p115-129.html
   My bibliography  Save this article

Aristotle and the Modern Economy

Author

Listed:
  • Perrotta, Cosimo

Abstract

ancient economy and ancient economic thought radically differ from modern approach. The first were static, distrusted wealth-getting and increase in consumption. The second is dynamic, and is based precisely on the search for enrichment, risk, instability, continual increase in consumption. In general we never doubt about the superiority of modern economy. But the recent world financial and economic crisis, due to the unbridled race to enrich, irrespective of the damage to others, leads us to revive Aristotle's view. He criticised greed, supported the idea of being satisfied with comfort, and stressed that wealth is only a means to happiness, then it must be limited.

Suggested Citation

  • Perrotta, Cosimo, 2011. "Aristotle and the Modern Economy," The Journal of Economic Asymmetries, Elsevier, vol. 8(1), pages 115-129.
    • Handle: RePEc:eee:joecas:v:8:y:2011:i:1:p:115-129
    DOI: 10.1016/j.jeca.2011.01.006
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1703494915302383
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.jeca.2011.01.006?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    B11; enrichment; static or dynamic economy; consumption;
    All these keywords.

    JEL classification:

    • B11 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Preclassical (Ancient, Medieval, Mercantilist, Physiocratic)

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:joecas:v:8:y:2011:i:1:p:115-129. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: https://www.journals.elsevier.com/the-journal-of-economic-asymmetries/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.