The Management Of The Household And The Perils Of Trade Essay

The Management Of The Household And The Perils Of Trade Essay

Length: 1981 words (5.7 double-spaced pages)

Rating: Better Essays

Open Document

Essay Preview


In his work “On the Management of the Household and the Perils of Trade”, Aristotle states that goods can be acquired in two ways: the natural form of acquisition, which obtains requisites provided by nature that are necessary for the household, and “the art of acquisition”, which he describes as the procurement of goods through retail trade (Aristotle, 126). In the natural form of acquisition, the goal is to accumulate “true wealth”, a supply of goods limited to what is useful to the household and sufficient for a content life in relation to the art of household management (Aristotle, 128). The art of household management is associated with natural acquisition and is concerned with the use of goods and not with the accretion of goods that do not serve a necessary purpose. Therefore, the function of natural acquisition is to provide the household with the materials needed to suffice, either through acquiring resources directly from nature or through bartering. Although there is no need for exchange within the household, the practice of bartering or the direct exchange of useful things for other comparable goods can be employed to naturally acquire necessities from the greater community. The purpose of the natural form of the art of acquisition is to procure property provided by nature in order to supply the necessary goods for the household to use, with no implications of money.
The other form of acquisition is to procure property not for its necessary use within the household, but as a means of profit gain through the exchange of currency, also known as the practice of retail trade. Aristotle argues that retail trade, which is the buying of goods from one party and selling those goods to another party at a profit, is not natur...


... middle of paper ...


...ocke believes that the use of money in exchange has allowed man to acquire more land than he can work, however, he acknowledges that mankind is able to divide land amongst them accordingly. Since man is governed by self-interest, he should be able to acquire property as long as there is no harm done in its acquisition. Taleqani focuses on the redistribution of private wealth through taxation, as money should not be centralized among a few people, and should ultimately aim to serve the community. The taxation of a man’s wealth after he has accrued a certain amount of property is meant to discourage the acquisitive nature of man of which Locke bases his argument for private property on. Taleqani argues that property that can be owned, needs to be under the control of Islamic authority in order to serve public welfare by granting owners special rights to use the land.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Canada 's Supply Management And International Trade Agreement Essay

- Introduction The Trade Agreements and Negotiations Bureau of the Department of Global Affairs Canada has prepared the following paper in order to stimulate discussion of how to best move forward in regards to domestic dairy supply management and international trade agreement. There have been growing pressures to liberalize Canada’s supply management practices as the world advances towards international globalization and free trade agreements. In return for opening up their own markets to Canadian exports, Canada’s trading partners too are seeking better access to Canadian markets....   [tags: International trade, Free trade]

Better Essays
2210 words (6.3 pages)

The Perils of Obedience, by Stanley Milgram Essays

- If a person of authority ordered you inflict a 15 to 400 volt electrical shock on another innocent human being, would you follow your direct orders. That is the question that Stanley Milgram, a psychologist at Yale University tested in the 1960’s. Most people would answer “no,” to imposing pain on innocent human beings but Milgram wanted to go further with his study. Writing and Reading across the Curriculum holds a shortened edition of Stanley Milgram’s “The Perils of Obedience,” where he displays an eye-opening experiment that tests the true obedience of people under authority figures....   [tags: the perils of obedience, stanley milgram]

Better Essays
1490 words (4.3 pages)

Analysis of the Limited Household Participation in the Stock Market Phenomenon

- Contents Summary 3 Situation analysis 3 Research on portfolio theory 4 Variables explaining stockholding 5 Factors for trying to explain the phenomenon 7 Conclusion 11 References 12   Summary At the very basis of this paper is the analysis of the limited household stock market participation phenomenon. The relevance of the issue is discussed through the perspective of the theories of finance with special regard to the Model Portfolio Theory. Given the point of view of one of the largest stock markets - the market of the United States of America - the phenomenon is first of all presented as deriving from behaviours related to stockholding....   [tags: Limited Household Participation Phenomenon ]

Better Essays
2832 words (8.1 pages)

The Perils of Obedience by Stanley Milgram Essay

- “The Perils of Obedience” was written by Stanley Milgram in 1974. In the essay he describes his experiments on obedience to authority. I feel as though this is a great psychology essay and will be used in psychology 101 classes for generations to come. The essay describes how people are willing to do almost anything that they are told no matter how immoral the action is or how much pain it may cause.      This essay even though it was written in 1974 is still used today because of its historical importance....   [tags: Stanley Milgram The Perils of Obedience]

Better Essays
819 words (2.3 pages)

Resource Mangement for Clean Water in Households Essay

- ... If a major hurricane were to flood South Florida, the SFWMD, with it’s current budget, does not have the funds to remove water from the streets. The budget cuts not only have environmental consequences, but public health and economic consequences as well. These budget cuts can have additional disastrous effects for a system that is already poorly designed. Currently, excess water from Lake Okoeechobee is being dumped into the St. Lucie Canal and the Callsahatchee River, which poses environmental problems....   [tags: distribution, filtration, water, resource]

Better Essays
1272 words (3.6 pages)

International Trade And Economic Globalization Essay

- International trade has directly brought massive economic interests, including achievements of wider sales, investments and labor markets around the globe, acquisitions of rich profits for developed countries, and promotions of inter-country economic and technical corporation(Hill, & Jain, 2000). For the developing countries, international trade can make them integrated into economic globalization quickly, and gain enough sources of money and technology in and international economic cooperation, get help and cooperation in manufacturing and operation, thus raising the range of national economic and technological progress (Narlikar, 2003)....   [tags: International trade, Free trade, Trade]

Better Essays
1346 words (3.8 pages)

Free Trade Theory : The Basic Foundation Of International Trade Essay

- Importing and exporting, goods and services forms the basic foundation of international trade. Each domestic market has its own agenda in regards to wants and needs which ultimately leads to conflict regarding interests and how to proceed when conducting business. Costs may arise when competing nations implement their own polices to try and gain an edge in the market, this can be risky if no action is taken by domestic industries. Government intervention is thus critical when considering how the environment can be managed to ensure domestic markets are still reaping benefits whilst fighting off potential risk....   [tags: International trade, Mercantilism, Free trade]

Better Essays
1858 words (5.3 pages)

Essay on Household Electronics Manufacturing Company From Switzerland

- Household electronics manufacturing company from Switzerland decides to expand business in Mexico. The company has two equal production managers, namely Juan Ricardo de Santos, who is a local Mexican male and Regina Weiss who is a Swiss-German female. Mr. de Santos has a work experience of ten years in the company and Ms. Weiss is a recent MBA graduate with a strong background in Operations Management. Both managers are responsible for training of Mexican employees on how to use the Swiss technology apart from the regular duties....   [tags: Management, Decision making]

Better Essays
737 words (2.1 pages)

Craig Waddell’s Perils of a Modern Cassandra and the Ehrlichs’ The Population Bomb

- Rhetorical Strategy in Craig Waddell’s Perils of a Modern Cassandra and the Ehrlichs’ The Population Bomb In Perils of a Modern Cassandra, Craig Waddell suggests that the Ehrlichs should revise their rhetorical strategy in The Population Bomb because it is ineffective in attracting readers to their argument. Particularly problematic are the Ehrlichs’ alienating attitude towards non-educated non-environmentalists in his audience, a lack of both an inviting ethos, and a lack of compassion for the reader....   [tags: Perils of a Modern Cassandra Population Bomb]

Free Essays
714 words (2 pages)

Trade Facilitation Essay

- International trade plays crucial role in the development of any country. And Trade facilitation can be define as a procedure to make international trade possible in a best and efficient way. In which transaction cost of trade is minimum and goods transfer from one country to other in shortest time. According to WTO, “Trade facilitation is defined as a procedure and controls for the movement of the good from one country to another can be reduce cost and burden. And also find the efficient flow of goods”....   [tags: International Trade, WTO]

Better Essays
1309 words (3.7 pages)