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a view to that which is noble, nor in the right manner. Sometimes they enrich those who ought to be poor, and will give nothing to men of well-regulated character, while they give a great deal to those who flatter them, or furnish them with any other pleasure. And thus the greater part of them are profligates; for, being ready to part with their money, they are apt to lavish it on riotous living, and as they do not shape their lives with a view to that which is noble, they easily fall away into the pursuit of pleasure.

The prodigal, then, if he fail to find guidance, comes to this, but if he get training he may be brought to the moderate and right course.

But illiberality is incurable; for old age and all loss of power seems to make men illiberal.

It also runs in the blood more than prodigality; the generality of men are more apt to be fond of money than of giving.

Again, it is far-reaching, and has many forms; for there seem to be many ways in which one can be illiberal.

It consists of two parts⁠—deficiency in giving, and excess of taking; but it is not always found in its entirety; sometimes the parts are separated, and one man exceeds in taking, while another falls short in giving. Those, for instance, who are called by such names as niggardly, stingy, miserly, all fall short in giving, but do not covet other people’s goods, or wish to take them.

Some are impelled to this conduct by a kind of honesty, or desire to avoid what is disgraceful⁠—I mean that some of them seem, or at any rate profess, to be saving, in order that they may never be compelled to do anything disgraceful; e.g. the cheese-parer77 (and those like him), who is so named because of the extreme lengths to which he carries his unwillingness to give.

But others are moved to keep their hands from their neighbours’ goods only by fear, believing it to be no easy thing to take the goods of others, without having one’s own goods taken in turn; so they are content with neither taking nor giving.

Others, again, exceed in the matter of taking so far as to make any gain they can in any way whatever, e.g. those who ply debasing trades, brothel-keepers and suchlike, and usurers who lend out small sums at a high rate. For all these make money from improper sources to an improper extent.

The common characteristic of these last seems to be the pursuit of base gain; for all of them endure reproach for the sake of gain, and that a small gain. For those who make improper gains in improper ways on a large scale are not called illiberal, e.g. tyrants who sack cities and pillage temples; they are rather called wicked, impious, unjust. The dice-sharper, however, and the man who steals clothes at the bath, or the common thief, are reckoned among the illiberal; for they all make base gains; i.e. both the thief and the sharper ply their trade and endure reproach for gain, and the thief for the sake of his booty endures the greatest dangers, while the sharper makes gain out of his friends, to whom he ought to give. Both then, wishing to make gain in improper ways, are seekers of base gain; and all such ways of making money are illiberal.

But illiberality is rightly called the opposite of liberality; for it is a worse evil than prodigality, and men are more apt to err in this way than in that which we have described as prodigality.

Let this, then, be taken as our account of liberality, and of the vices that are opposed to it.

II

Our next task would seem to be an examination of magnificence. For this also seems to be a virtue that is concerned with wealth.

But it does not, like liberality, extend over the whole field of money transactions, but only over those that involve large expenditure; and in these it goes beyond liberality in largeness. For, as its very name (μεγαλοπρέπεια) suggests, it is suitable expenditure on a large scale. But the largeness is relative: the expenditure that is suitable for a man who is fitting out a warship is not the same as that which is suitable for the chief of a sacred embassy.

What is suitable, then, is relative to the person, and the occasion, and the business on hand. Yet he who spends what is fitting on trifling or moderately important occasions is not called magnificent; e.g. the man who can say, in the words of the poet⁠—

“To many a wandering beggar did I give;”

but he who spends what is fitting on great occasions. For the magnificent man is liberal, but a man may be liberal without being magnificent.

The deficiency of this quality is called meanness; the excess of it is called vulgarity, bad taste, etc.; the characteristic of which is not spending too much on proper objects, but spending ostentatiously on improper objects and in improper fashion. But we will speak of them presently.

But the magnificent man is like a skilled artist; he can see what a case requires, and can spend great sums tastefully. For, as we said at the outset, a habit or type of character takes its complexion from the acts in which it issues and the things it produces. The magnificent man’s expenses, therefore, must be great and suitable.

What he produces then will also be of the same nature; for only thus will the expense be at once great and suitable to the result.

The result, then, must be proportionate to the expenditure, and the expenditure proportionate to the result, or even greater.

Moreover, the magnificent man’s motive in thus spending his money will be desire for that which is noble; for this is the common characteristic of all the virtues.

Further, he will spend gladly and lavishly; for a minute calculation of

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