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Friday, April 23, 2021

Michael Hudson — Plato, Aristophanes and Aristotle on Money-Lust, 399-380 BC

Yves here. Michael Hudson kindly provided us with an advanced draft of this chapter from his upcoming book, since readers seemed particularly interested in the views of the Greeks on money, commerce, and power. Get a cup of coffee. This post is meaty if you plan to consume it in one sitting.

Weekend reading.

Naked Capitalism
Michael Hudson: Plato, Aristophanes and Aristotle on Money-Lust, 399-380 BC
Michael Hudson | President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City, and Guest Professor at Peking University

4 comments:

  1. “Money lust “ is a figure of speech based on Roman pantheon... did Plato have a time machine?

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  2. Did they have a market fetish way back then?

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  3. Well the Greeks had “philargurion” which was ‘fondness for silver’ which argurion is not a figure of speech it was the term for cupelled silver which was/ is a real substance...

    So dummy Hudson is making a reification error and thinks a figure of speech created centuries later as a transliteration of the Roman name of a goddess in their pantheon is a real thing...

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  4. Tyche, in Greek religion, the goddess of chance, with whom the Roman Fortuna was later identified; a capricious dispenser of good and ill fortune.

    Nowadays, when Tyche dispenses good fortune, it's accompanied by a cash register sound.

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