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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| Format: | Article |
| Language: | deu |
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Editura ASE Bucuresti
2016-11-01
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| Series: | The Journal of Philosophical Economics |
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| Online Access: |
https://jpe.ro/pdf.php?id=7690
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| _version_ | 1811253439567495168 |
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| author | Mark Peacock |
| author_facet | Mark Peacock |
| author_sort | Mark Peacock |
| collection | DOAJ |
| description | 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. |
| first_indexed | 2024-04-12T16:50:56Z |
| format | Article |
| id | doaj.art-965f360d566b4f619ab39f4798ca3d14 |
| institution | Directory Open Access Journal |
| issn | 1843-2298 1844-8208 |
| language | deu |
| last_indexed | 2024-04-12T16:50:56Z |
| publishDate | 2016-11-01 |
| publisher | Editura ASE Bucuresti |
| record_format | Article |
| series | The Journal of Philosophical Economics |
| spelling | doaj.art-965f360d566b4f619ab39f4798ca3d142022-12-22T03:24:23ZdeuEditura ASE BucurestiThe Journal of Philosophical Economics1843-22981844-82082016-11-01X1527Aristotle on justice in exchange:commensurability by fiatMark Peacock0 York University, Toronto 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. https://jpe.ro/pdf.php?id=7690 AristotlecommensurabilitymoneyexchangeNicomachean Ethics |
| spellingShingle | Mark Peacock Aristotle on justice in exchange:commensurability by fiat The Journal of Philosophical Economics Aristotle commensurability money exchange Nicomachean Ethics |
| title | 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_short | Aristotle on justice in exchange:commensurability by fiat |
| title_sort | aristotle on justice in exchange commensurability by fiat |
| topic | Aristotle commensurability money exchange Nicomachean Ethics |
| url |
https://jpe.ro/pdf.php?id=7690
|
| work_keys_str_mv | AT markpeacock aristotleonjusticeinexchangecommensurabilitybyfiat |