In the matter of giving and taking money, moderation is liberality, excess and deficiency are prodigality and illiberality. But both vices exceed and fall short in giving and taking in contrary ways: the prodigal exceeds in spending, but falls short in taking; while the illiberal man exceeds in taking, but falls short in spending. (For the present we are but giving an outline or summary, and aim at nothing more; we shall afterwards treat these points in greater detail.)

But, besides these, there are other dispositions in the matter of money: there is a moderation which is called magnificence (for the magnificent is not the same as the liberal man: the former deals with large sums, the latter with small), and an excess which is called bad taste or vulgarity, and a deficiency which is called meanness; and these vices differ from those which are opposed to liberality: how they differ will be explained later.

With respect to honour and disgrace, there is a moderation which is high-mindedness, an excess which may be called vanity, and a deficiency which is little-mindedness.