Our society is undergoing significant socio-economic transformations. For such a time, a rethinking of ideas about the world and a return to the sources is characteristic. In light of this, the appeal to Aristotle also seems completely unsurprising. Moreover, economics and chrematistics are two phenomena, the origins of the confrontation of which go back to him as an outstanding ancient Greek thinker. In this article, we will examine what both concepts mean and how they interact.
Aristotle: Economics and Chrematistics
The ancient Greek thinker shared the use of money to satisfy natural human needs and their accumulation as an end in itself. Hrematistiki is, from his point of view, the worship of profit. Aristotle understood this term as a situation where money loses its main function as a medium of exchange, and turns into an end in itself. Hrematistiki is, for example, usury, as well as speculative trading. Aristotle reacted negatively to both areas of activity. He believed that they are not natural and only exploit people.
The economy is completely different in essence, as Aristotle saw it. Money, in his opinion, should be a means, not an end. They should facilitate trade. And usurious interest, on the contrary, complicates it, making money less affordable where it is needed. Therefore, chrematistics as a science of enrichment for Aristotle looks like a perversion, another way of exploiting the rich poor.
The origins of the concept
Until the French Revolution, trade was considered a rather reprehensible occupation. Accepting it now is quite difficult, since recent history puts just the entrepreneur at the center of the economy. But in the past, speculation was considered a sin, and all forms of exploitation were condemned by the church. In the Middle Ages, merchants were despised. In order to survive, they formed professional alliances.
Aristotle believed that the trade in goods by nature is not chrematistics. But only until such time as it applies to items that are necessary for sellers and buyers. With the expansion of exchange trading, money is emerging. They facilitate and speed up the exchange. However, with the invention of money, exchange trade inevitably turns into commodity trading. And this opens up the possibility for a lot of speculation. A certain category of people begins to engage in chrematistics. So Aristotle was the first to establish the difference between money as a means of circulation and accumulation, that is, capital.
Aristotle Economy
Aristotle absolutely negatively regarded the accumulation of money as a super-task. He considered usury and speculative trading as unnatural activities that dehumanize those who engage in them. Like his teacher Plato, Aristotle condemns the accumulation of money. Moneylenders, he believed, do not create anything, their wealth appears almost from the air. Therefore, such an occupation is reprehensible.
In economics, trade must occur directly between the producer and the buyer at the right price. In this case, it does not create added value out of nothing. The economic doctrine of Aristotle implies the creation of goods necessary to satisfy human needs. Money is only a means of accelerating the exchange between producers and improving its quality.
Aristotle believed that real wealth consists of goods that satisfy natural needs. By its nature, it cannot be infinite. It is goodness, not money, according to Aristotle, that is the main characteristic of wealth.
In the Middle Age
During this period, statistics is the prerogative of the church. For ordinary people, such an activity was considered undesirable. However, capital can be accumulated if in the future it goes to the needs of charity. The Catholic Church supported this economic doctrine throughout the entire Middle Ages. This view of chrematistics was shared by Thomas Aquinas.
Modern performance
As Aristotle wrote in his works, economics and chrematistics are two sciences. However, in our time, the latter is considered only in the framework of the general theory. Such concepts as “capital”, “rent” and “interest” are considered traditionally economic. It is unlikely that Aristotle could agree with such an interpretation. However, chrematistics is an integral part of the modern capitalist way of managing the economy. Although Martin Luther opposed usurpation and exploitation, in his study of Protestant ethics, Max Weber proves the key importance for the bourgeoisie of consumption and savings. Karl Marx uses the term "statistics" to denote capitalism.
