Fear, then, is excited by evil of any kind, e.g. by disgrace, poverty, disease, friendlessness, death; but it does not appear that every kind gives scope for courage. There are things which we actually ought to fear, which it is noble to fear and base not to fear, e.g. disgrace. He who fears disgrace is an honourable man, with a due sense of shame, while he who fears it not is shameless (though some people stretch the word courageous so far as to apply it to him; for he has a certain resemblance to the courageous man, courage also being a kind of fearlessness). Poverty, perhaps, we ought not to fear, nor disease, nor generally those things that are not the result of vice, and do not depend upon ourselves. But still to be fearless in regard to these things is not strictly courage; though here also the term is sometimes applied in virtue of a certain resemblance. There are people, for instance, who, though cowardly in the presence of the dangers of war, are yet liberal and bold in the spending of money.

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