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Aristotle Essay

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Aristotle

Aristotle was born in 384 BC, at Stagira, in Macedonia, the son of a physician to the royal court. At the age of 17, he went to Athens to study at Plato's Academy. He remained there for about 20 years, as a student and then as a teacher. When Plato died in 347BC, Aristotle moved to Assos, a city in Asia Minor, to counsel Hermias, the ruler. After Hermias was captured and executed by the Persians in 345BC, Aristotle went to Pella, the Macedonian capital, where he became the tutor of the king's young son Alexander, later known as Alexander the Great. In 335, when Alexander became king, Aristotle returned to Athens and established his own school, the Lyceum. Upon the death of Alexander in 323BC, strong anti-Macedonian …show more content…

Aristotle regarded the world as made up of individuals (substances) occurring in fixed natural kinds (species). Each individual has its built-in specific pattern of development and grows toward proper self-realization as a specimen of its type. Growth, purpose, and direction are thus built into nature. The most distinguishing of Aristotle’s philosophic contributions was a new notion of causality. Each thing or event, he thought, has more than one "reason" that helps to explain what, why, and where it is. Therefore something can be better understood when its causes can be stated in specific terms rather than in general terms.

Economics

Economics is a word made up from two Greek words “oikos”, meaning household, and “nomos”, meaning to manage. From the start, then, the word “economic” was associated with the close supervision and management necessary to ensure provisions to a community. The management concerned, however, was that of the “household”, so that “economic” was used as equivalent to “domestic”, and economics in ancient and mediaeval times was a term used to distinguish the economy of the household (oikos) from that of the city (polis). For Aristotle, therefore, Economics and Politics meant two different studies and arts. (Boland, par. 2)

According to Aristotle, we should avoid using the expression “managing” the economy when we mean the political economy. The public community is not a household “run” by

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