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Aristotle

"Nicomachean Ethics"


Here we conclude our account of temperance.
BOOK IV
1
LET us speak next of liberality. It seems to be the mean with regard
to wealth; for the liberal man is praised not in respect of military
matters, nor of those in respect of which the temrate man is
praised, nor of judicial decisions, but with regard to the giving
and taking of wealth, and especially in respect of giving. Now by
'wealth' we mean all the things whose value is measured by money.
Further, prodigality and meanness are excesses and defects with regard
to wealth; and meanness we always impute to those who care more than
they ought for wealth, but we sometimes apply the word 'prodigality'
in a complex sense; for we call those men prodigals who are
incontinent and spend money on self-indulgence. Hence also they are
thought the poorest characters; for they combine more vices than
one. Therefore the application of the word to them is not its proper
use; for a 'prodigal' means a man who has a single evil quality,
that of wasting his substance; since a prodigal is one who is being
ruined by his own fault, and the wasting of substance is thought to be
a sort of ruining of oneself, life being held to depend on
possession of substance.


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