Money then serves as a measure which makes things commensurable and so reduces them to equality. If there were no exchange there would be no association, and there can be no exchange without equality, and no equality without commensurability. Though therefore it is impossible for things so different to become commensurable in the strict sense,our demand furnishes a sufficiently accurate common measure for practical purposes. [15] There must therefore be some one standard, and this accepted by agreement (which is why it is called nomisma, customary currency); for such a standard makes all things commensurable, since all things can be measured by money.
✖ Via Aristotle, Nicomachean Ethics, book V, chap. V, §14-15 (1133b1). Aristotle in 23 Volumes, Vol. 19, translated by H. Rackham. Cambridge, MA, Harvard University Press; London, William Heinemann Ltd. 1934.

• Jun 03, 2009 link notes tagged: book  philosophy  money  capitalism  sign  language 

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