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Μεσότητα Και «Τρίτος Άνθρωπος» Στην Αριστοτελίζουσα Θεωρία Των Ανταλλακτικών Αξιών
[Mean and “Third Man Argument” in the Aristotelian Theory of Exchange Values]

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  • Mariolis, Theodore

Abstract

This paper deals with key open issues involved in Book V of the Nicomachean Ethics and related to the theory of exchange values. On the basis of the Modern Classical theory of value-income distribution and the concept of ‘social abstract labour’, the paper argues that: (i) the Aristotelian approach to the market relative prices as “means between extremes”, and to these means as optimum points, is not completely barren; and (ii) Aristotle could not support the view that the “substance of value” is “human labour in general” (K. Marx) because he would contradict the “Third Man Argument”, which forms one of his own fundamental counter-arguments against Plato’s theory of Ideas.

Suggested Citation

  • Mariolis, Theodore, 2018. "Μεσότητα Και «Τρίτος Άνθρωπος» Στην Αριστοτελίζουσα Θεωρία Των Ανταλλακτικών Αξιών [Mean and “Third Man Argument” in the Aristotelian Theory of Exchange Values]," MPRA Paper 86521, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:86521
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    File URL: https://mpra.ub.uni-muenchen.de/86521/1/MPRA_paper_86521.pdf
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    References listed on IDEAS

    as
    1. Heinz D. Kurz & Neri Salvadori (ed.), 1998. "The Elgar Companion to Classical Economics," Books, Edward Elgar Publishing, volume 0, number 851.
    2. Kurz,Heinz D. & Salvadori,Neri, 1997. "Theory of Production," Cambridge Books, Cambridge University Press, number 9780521588676, September.
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    More about this item

    Keywords

    Commodity prices; Mean; Social abstract labour; Third Man Argument; Value;
    All these keywords.

    JEL classification:

    • B0 - Schools of Economic Thought and Methodology - - General
    • B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian
    • C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models
    • D57 - Microeconomics - - General Equilibrium and Disequilibrium - - - Input-Output Tables and Analysis
    • K0 - Law and Economics - - General
    • P51 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Analysis of Economic Systems

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