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From Politica

In: Readings In The Economics Of The Division Of Labor The Classical Tradition

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  • Aristotle

Abstract

Let us begin our discussion of the question with the following considerations:Of everything which we possess there are two uses: both belong to the thing as such, but not in the same manner for one is the proper, and the other the improper or secondary use of it. For example, a shoe is used for wear, and is used for exchange; both are uses of the shoe. He who gives a shoe in exchange for money or food to him who wants one, does indeed use the shoe as a shoe, but this is not its proper or primary purpose, for a shoe is not made to be an object of barter. The same may be said of all possessions, for the art of exchange extends to all of them, and it arises at first from what is natural, from the circumstance that some have too little, others too much…

Suggested Citation

  • Aristotle, 2005. "From Politica," World Scientific Book Chapters, in: Guang-Zhen Sun (ed.), Readings In The Economics Of The Division Of Labor The Classical Tradition, chapter 4, pages 50-51, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789812701275_0004
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    Cited by:

    1. Hutchinson, Michael & Berg, Brennan K. & Kellison, Timothy B., 2018. "Political activity in escalation of commitment: Sport facility funding and government decision making in the United States," Sport Management Review, Elsevier, vol. 21(3), pages 263-278.

    More about this item

    Keywords

    Division of Labor; Specialization; Extent of the Market; Knowledge; Political Economy; History of Economic Thought; Increasing Returns; Equilibrium; Price System; Coordination;
    All these keywords.

    JEL classification:

    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
    • C1 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General

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