Aristotle on justice in exchange:commensurability by fiat
This essay offers an interpretation of Aristotle's remarks on the commensurability of goods in Book V of the Nicomachean Ethics. It explores the term ‘by hypothesis’ (ἐξ ὑποθέσεως) which Aristotle uses to describe the institution of currency through which commensurability is established. The te...
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Editura ASE Bucuresti
2016
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oai:doaj.org-article:965f360d566b4f619ab39f4798ca3d142021-12-02T01:17:11ZAristotle on justice in exchange:commensurability by fiat1843-22981844-8208https://doaj.org/article/965f360d566b4f619ab39f4798ca3d142016-11-01T00:00:00Z https://jpe.ro/pdf.php?id=7690 https://doaj.org/toc/1843-2298https://doaj.org/toc/1844-8208This essay offers an interpretation of Aristotle's remarks on the commensurability of goods in Book V of the Nicomachean Ethics. It explores the term ‘by hypothesis’ (ἐξ ὑποθέσεως) which Aristotle uses to describe the institution of currency through which commensurability is established. The term implies that Aristotle conceives the origins of currency to lie in a conscious act of stipulation rather than through a spontaneous process in which currency is established via the unintended consequences of individual action. In conclusion, contemporary theories of money are considered and it is asked with which Aristotle’s conception of money aligns most closely.Mark PeacockEditura ASE BucurestiarticleAristotlecommensurabilitymoneyexchangeNicomachean EthicsEconomics as a scienceHB71-74DEENFRJournal of Philosophical Economics, Vol X, Iss 1, Pp 5-27 (2016) |
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DE EN FR |
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Aristotle commensurability money exchange Nicomachean Ethics Economics as a science HB71-74 |
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Aristotle commensurability money exchange Nicomachean Ethics Economics as a science HB71-74 Mark Peacock Aristotle on justice in exchange:commensurability by fiat |
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This essay offers an interpretation of Aristotle's remarks on the commensurability of goods in Book V of the Nicomachean Ethics. It explores the term ‘by hypothesis’ (ἐξ ὑποθέσεως) which Aristotle uses to describe the institution of currency through which commensurability is established. The term implies that Aristotle conceives the origins of currency to lie in a conscious act of stipulation rather than through a spontaneous process in which currency is established via the unintended consequences of individual action. In conclusion, contemporary theories of money are considered and it is asked with which Aristotle’s conception of money aligns most closely. |
| format |
article |
| author |
Mark Peacock |
| author_facet |
Mark Peacock |
| author_sort |
Mark Peacock |
| title |
Aristotle on justice in exchange:commensurability by fiat |
| title_short |
Aristotle on justice in exchange:commensurability by fiat |
| title_full |
Aristotle on justice in exchange:commensurability by fiat |
| title_fullStr |
Aristotle on justice in exchange:commensurability by fiat |
| title_full_unstemmed |
Aristotle on justice in exchange:commensurability by fiat |
| title_sort |
aristotle on justice in exchange:commensurability by fiat |
| publisher |
Editura ASE Bucuresti |
| publishDate |
2016 |
| url |
https://doaj.org/article/965f360d566b4f619ab39f4798ca3d14 |
| work_keys_str_mv |
AT markpeacock aristotleonjusticeinexchangecommensurabilitybyfiat |
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