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Suspicions of Markets pp 39–62Cite as

Palgrave Macmillan

The Start of the Criticism: Aristotle

Abstract

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.

Keywords

  • Retail Trade
  • Market Behaviour
  • Nicomachean Ethic
  • Retail Sector
  • Exchange Partner

These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Bibliography

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Authors and Affiliations

  1. University of Edinburgh, Edinburgh, UK

    Donald Rutherford

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  1. Donald Rutherford
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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

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  • DOI: https://doi.org/10.1007/978-3-319-40808-8_3

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  • Publisher Name: Palgrave Macmillan, Cham

  • Print ISBN: 978-3-319-40807-1

  • Online ISBN: 978-3-319-40808-8

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