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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

the state over the life of the citizens. Both insist that the citizen belongs, not to himself, but to the state, and can realize his best life only through the state.849 Thus Aristotle is far from being a defender of private property in the absolute sense. On the other hand, his emphasis upon the social obligation of individual possession is, if not socialistic, at least very modern. He is certainly a much better socialist than the alleged communist of the Republic, whom he criticizes so severely. Like the Plato of the Laws, he is a semi-collectivist. As Barker has observed,850 Aristotle thought in terms of land, while modern socialism thinks in terms of capital and labor. Both standpoints involve social ownership and the limitation of the individual, and in this respect the Greek thinker was socialistic in tendency. But despite their social spirit and their trend toward nationalism, which is so strong in all progressive countries today, neither he nor Plato was a socialist, in the modern sense, in spirit or in aim.851 Any attempts at direct comparison with modern socialism, therefore, are likely to be fanciful and confusing. Whatever analogy there is between them is of a very general nature and should not be pressed.852

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