Nicomachean Ethics in Political Economy : The Trajectory of the Problem of Value

The paper examines the influence of the analysis of economic exchange in Aristotle’s Nicomachean Ethics, V, on subsequent economic theorizing. The approach is textual and selective. It traces the use of the relevant passage of NE V on Scholastic economic thought, the early mercantilists, natural law philosophy, the Scottish Enlightenment, Galiani, Turgot, Smith and Karl Marx. It ends with the abandonment of Aristotelian equivalence of exchange in neoclassical economics

MoreLess

Year of publication:	2012
Authors:	Theocarakis, Nicholas J.
Publisher:	[S.l.] : SSRN
Subject:	Ethik \| Ethics \| Ökonomische Ideengeschichte \| History of economic thought \| Wirtschaftsphilosophie \| Philosophy of economics \| Äquivalenzprinzip \| Benefit principle