Sample Details
Subjects
Economics
Fair Trade
Type
Essay
Reviewed by
IvyPanda Team
Pages
2
Words
310
Facts about Topic
Date of Birth
384 BC
Famous of
Greek philosopher and polymath during the Classical period in Ancient Greece.
Spouse
Pythias
Education
Platonic Academy
Era
Ancient Greek philosophy
Region
Western philosophy
Main interests
Aesthetics, Biology, Ethics, Economics, Geology, Government, Metaphysics, Music, Meteorology, Logic, Poetry, Psychology, Politics, Physics, Rhetoric, Zoology
Death
322 BC
Quotes
“Knowing yourself is the beginning of all wisdom.”
“Educating the mind without educating the heart is no education at all.”
“Hope is a waking dream.”
Interesting facts
Aristotle provided a complex synthesis of the various philosophies existing prior to him.

What is Aristotle’s View on Trade? Essay

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Aristotle argues that the art of exchanging goods or services in the pretext of trade is not good. According to the author, there are several ways through which individuals can acquire wealth. For example, exchanging goods can take place between two people if they agree to do so even without participating in actual trade.

As it stands now, the society has engaged itself in trading activities using minted coins and notes called money. As much as an individual may have a lot of money, it is still possible for that person to perish in hunger. This implies that retail trade is only in place for convenience purpose and therefore not necessary at all.

Aristotle also elaborates that obtaining wealth should be done naturally. In other words, individuals and families should only engage in natural ways of acquiring wealth.

When people carry out trading activities either at a local or regional level, they only end up oppressing each other because retail trade can never be a natural way of securing riches.

Moreover, if exchanging wealth is indeed useful, then the practice should have stopped immediately after people had gathered enough wealth. However, it appears that trading activities will never come to an end. This is the reason why Aristotle claims that the practice is not useful in the face of humanity.

The author also notes that there are two main modes through which wealth can be obtained. These are retail trade and household management. Aristotle asserts that household management is necessary and honorable and therefore, families should never engage in retail trade.

When people take part in retail trade, they eventually glorify money instead of the vital goods and services. Initially, retail trade never used to exist. It only grew in significance as the society continued to expand.

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IvyPanda. 2019. "What is Aristotle’s View on Trade?" April 24, 2019. https://ivypanda.com/essays/what-is-aristotles-view-on-trade-essay/.

1. IvyPanda. "What is Aristotle’s View on Trade?" April 24, 2019. https://ivypanda.com/essays/what-is-aristotles-view-on-trade-essay/.


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IvyPanda. "What is Aristotle’s View on Trade?" April 24, 2019. https://ivypanda.com/essays/what-is-aristotles-view-on-trade-essay/.

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