Aristotle on Economic Exchange and Slavery

Paper Summary:

This paper examines Aristotle's arguments on slavery and economic exchange. The paper outlines how Aristotle validates the concept of slavery under one principle of economic exchange. The paper also provides that when measured against economist Karl Polanyi's definitions of the market principle, Aristotle's views on slavery fall into his own definition of the "unnatural" category of economic exchange.

From the Paper:

"Economist Karl Polanyi and the philosopher Aristotle have differing views on economic exchange. According to Polanyi, the three principles of exchange are market principle, redistribution, and reciprocity. The market principle describes the buying and selling of goods and services based on the laws of supply and demand, and often involves bargaining. Redistribution is the moving of products from the local level to a hierarchical center, reorganization of those products, and sending them back down to the local level. Redistribution is a form of exchange that works with the market system."

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