Aristotelian Economics

Aristotelian economics is a philosophical approach that views economic activity as embedded within moral and social contexts. It emphasizes moderation, virtue, and the idea that wealth is a means to achieve a good life, not an end in itself. Unlike modern profit-driven models, it balances individual well-being with community welfare, advocating for ethical production and consumption. Aristotle believed economic practices should serve human purposes and promote harmony, reflecting the broader goal of living a virtuous and fulfilling life within society.