By Michael D. Chan
Although America’s founders can have been encouraged by way of the political considered historic Greece and Rome, the U.S. is extra frequently characterised by way of its devotion to the pursuit of trade. a few have even stated sleek advertisement republic resembling the us inevitably lowers its ethical horizon to little greater than a priority with securing peace and prosperity in order that trade can flourish.
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Additional resources for Aristotle and Hamilton on Commerce and Statesmanship
4. Socrates would no doubt agree about the loss of certain noble virtues, but in the Republic, philosophers, not gentlemen, rule. Accordingly, the true and the good take Aristotle’s Political Economy 39 property would not eliminate selﬁshness but merely the substantial pleasures associated with ownership and with being liberal to friends and fellow citizens. ”5 In general, the problem with making everything common is that it confuses the effect with the cause. Men do not sue each other, commit perjury, or envy (or ﬂatter) the rich simply because of the existence of private property but because of moral depravity, the true source of which is unlimited desire.
6 Thus, far from creating discord, private property actually promotes harmony and virtue among citizens. 7 Phaleas adopts the view of the economist who thinks that solving the economic problem will solve the political problem, that is, Phaleas fails to see politics as a distinct phenomenon. The problem with this view, according to Aristotle, is that the political partnership has certain features rooted in the human soul that cannot be adequately comprehended under economic motivation. Yet this does not mean that economics plays a trivial part of the political partnership; Aristotle fully understood that economics and politics are inextricably intertwined.
Rather, true knowledge is discovered through “works” and “experiments,” which extract what Aristotle called “efﬁcient causes” to produce effects. This view of knowledge led to Bacon’s famous aphorism: “Human knowledge and human power come to the same thing, for where the cause is not known the effect cannot be produced. ” In other words, since the cosmos is fundamentally unknowable and hostile, man can only truly know (and become secure in this world by knowing) what he makes. This view of nature led to the great alliance between theoretical knowledge and the productive arts to produce what we now term technology.