Economics (Aristotle)

The Economics (Ancient Greek: Οἰκονομικά; Latin: Oeconomica) is a work ascribed to Aristotle.

From farming, cleaning, and cooking to hiring workers and guarding your property, the household can offer a model for a modern understanding of society.

The two books that comprise this treatise explore the meaning of economics while showing that it has many different aspects.

The text starts by describing that economics and politics differ in two major ways, one, in the subjects with which they deal and two, the number of rulers involved.

As every man performs these duties, a system will involve the buying and selling of properties and a flourishing lifestyle that supports a civilization.

Aristotle also established a difference between economics and chrematistics that would be foundational in medieval thought.

War, and more specifically overall protection of countries, gave rise to many forms of loans, debt, increased taxes, and complex investments.

Other events like paying for sea exploration and schooling also increased different types of money exchange, further stimulating economies.

The third book is only known from Latin versions of the original Greek and deals with the relationship between husband and wife.