Plato, precursor and mentor of Aristotle, understood that even a utopian society requires markets but raised doubts about the retail trade. But Aristotle provided a powerful critique of markets by distinguishing value in use from value in exchange and explaining that the retail trade, by exchanging more than necessities, encourages an activity based on private gain.
- Retail Trade
- Market Behaviour
- Nicomachean Ethic
- Retail Sector
- Exchange Partner
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Rutherford, D. (2016). The Start of the Criticism: Aristotle. In: Suspicions of Markets. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-40808-8_3
Publisher Name: Palgrave Macmillan, Cham
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