What can this philosopher reveal about the disorientation of current economic thought and practice?

Aristotle and the Economic Crisis

by Mark G. Malvasi

...

• Those who pursued wealth for its own sake, Aristotle resolved, were confounded about the purpose of life.  

• Having yielded to their boundless desires, they had, at the same time, enslaved themselves to the unremitting quest to gratify them.  

• Prudent men knew better. 

• Exercising self- restraint, they accumulated wealth sufficient only to preserve an abundant and virtuous life.  

• The effective management of property, it turned out, required above all a discipline of the soul. 

• Without it, men unfailingly surrendered to greed and rapacity, as has now been evident for more than 2,000 years.

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