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Aristotle's Ethics
Book IV.

We have said already that Prodigality and Stinginess are respectively states of excess and defect, and this in two things, giving and receiving (expenditure of course we class under giving). Well now, Prodigality exceeds in giving and forbearing to receive and is deficient in receiving, while Stinginess is deficient in giving and exceeds in receiving, but it is in small things.

The two parts of Prodigality, to be sure, do not commonly go together; it is not easy, I mean, to give to all if you receive from none, because private individuals thus giving will soon find their means run short, and such are in fact thought to be prodigal. He that should combine both would seem to be no little superior to the Stingy man: for he may be easily cured, both by advancing in years, and also by the want of means, and he may come thus to the mean: he has, you see, already the facts of the Liberal man, he gives and forbears to receive, only he does neither in right manner or well. So if he could be wrought upon by habituation in this respect, or change in any other way, he would be a real Liberal man, for he will give to those to whom he should, and will forbear to receive whence he ought not. This is the reason too why he is thought not to be low in moral character, because to exceed in giving and in forbearing to receive is no sign of badness or meanness, but only of folly.

Well then, he who is Prodigal in this fashion is thought far superior to the Stingy man for the aforementioned reasons, and also because he does good to many, but the Stingy man to no one, not even to himself. But most Prodigals, as has been said, combine with their other faults that of receiving from improper sources, and on this point are Stingy: and they become grasping, because they wish to spend and cannot do this easily, since their means soon run short and they are 1121bthen necessitated to get from some other quarter; and then again, because they care not for what is honourable, they receive recklessly, and from all sources indifferently, because they desire to give but care not how or whence.