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nydus/A History of Greek Economic ThoughtPublic

This volume provides a reinterpretation of Greek economic theory by examining the relationship between ancient thought and modern humanitarian economy. The text analyzes Greek economic ideas within the context of the contemporary economic environment and provides a bibliography of relevant scholarly works.

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Table of Contents

CHAPTER VI ARISTOTLE

he would offer similar advice for the ideal state. Moreover, his chief emphasis in the passage is upon the idea of Mill, that mere hand-to-mouth help of the poor is wasteful, and that what is needed is to aid them to become economically independent.791 Nevertheless his suggestion does show that he saw clearly the relation that exists in a democracy between the economic condition of the masses and the stability of the state.792 He says that the genuine friend of the people (ἀληθινῶς δημοτικός) will see that the masses are not very poor, for the best assurance of the abiding welfare of the state is the solid prosperity of the great majority of the population. He therefore advises the rich to contribute money for furnishing plots of land or capital for small business enterprises to the needy poor.793 However, while the advice seems, on the surface, to favor the commons, it is really a prudent suggestion to the upper classes, appealing to their selfish interest to avoid by this method the danger of a discontented proletariat.794 Nevertheless, the general economic attitude of Aristotle would warrant including him, with the other Greek thinkers, in the statement of Roscher: “Die hellenische Volkswirtschaftslehre hat niemals den grossen Fehler begangen, über dem Reichtume die Menschen zu vergessen, und über der Vermehrung der Menschenzahl, der Wohlstand der einzelnen gering zu achten.”795

Aristotle makes clear his

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