Social Studies, 08.11.2020 21:30 kayleighanne3462

Trebuie să fac un referat ma poată ajuta cineva?

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Social Studies, 23.06.2019 15:00, leezas1101

Norman jones, an economic historian at the university of utah, has described the views of the ancient greek philosopher aristotle on interest: aristotle defined money as a good that was consumed by use. unlike houses and fields, which are not destroyed by use, money must be spent to be used. there- fore, as we cannot rent food, so we cannot rent money. moreover, money does not reproduce. a house or a flock can produce new value by use, so it is not unreasonable to ask for a return on their use. money, being barren, should not, therefore, be expected to produce excess value. thus, interest is unnatural. what did aristotle mean in arguing that money is â€śbarrenâ€ť? why would money being barren mean that lenders should not charge interest on loans? do you agree with aristotleâ€™s reasoning? briefly explain.