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Aristotle explains that
ontologically the operation of the economic dimension of
reality is
inextricably related to the moral and political spheres. The
economic
element is integrated in real action with other realms
relating to the
acting human person. The various domains mutually influence
one
another in an ongoing dynamic fashion.
Aristotle explains that practical science recognizes the inexact nature of its conclusions as a consequence of human action which arises from each person's freedom and uniqueness. Uncertainty emanates from the nature of the world and the free human person and is a necessary aspect of economic actions that will always be in attendance. Aristotle observes that a practical science such as economics must be intimately connected to the concrete circumstances and that it is proper to begin with what is known to us.
Aristotle explains that practical science recognizes the inexact nature of its conclusions as a consequence of human action which arises from each person's freedom and uniqueness. Uncertainty emanates from the nature of the world and the free human person and is a necessary aspect of economic actions that will always be in attendance. Aristotle observes that a practical science such as economics must be intimately connected to the concrete circumstances and that it is proper to begin with what is known to us.
