Aristotle: Satisfaction in a Bank Balance
on Monday, January 14, 2013Aristotle Money Quote saying cash answers all wanting for the things it can buy – even if we don’t buy those things, we know we can have them if the money is available. Aristotle said:
“Money is a guarantee that we may have what we want in the future. Though we need nothing at the moment it insures the possibility of satisfying a new desire when it arises” — Aristotle
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In this quote, Aristotle is describing one of the key functions and values of money. He states that money acts as a kind of “guarantee” that allows people to satisfy desires or needs that may arise in the future, even if they lack immediate wants or demands currently.
By having money available, it ensures the possibility of obtaining goods or services when new desires or requirements emerge down the line.
Aristotle seems to be acknowledging that money provides security, flexibility and opportunity by enabling future consumption and exchange even without immediate plans or necessities.
The quote suggests he viewed money as a store of value and medium of exchange that safeguards individuals’ ability to fulfill wants or needs as their circumstances and preferences change over time.
Birthday: January 6, 384 BC – Death: March 7, 322 BC