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Again, they are thought to be more Liberal who have inherited, not acquired for themselves, their means; because, in the first place, they have never experienced want, and next, all people love most their own works, just as parents do and poets.
It is not easy for the Liberal man to be rich, since he is neither apt to receive nor to keep but to lavish, and values not wealth for its own sake but with a view to giving it away. Hence it is commonly charged upon fortune that they who most deserve to be rich are least so. Yet this happens reasonably enough; it is impossible he should have wealth who does not take any care to have it, just as in any similar case.
Yet he will not give to improper people, nor at wrong times, and so on: because he would not then be acting in accordance with Liberality, and if he spent upon such objects, would have nothing to spend on those on which he ought: for, as I have said before, he is Liberal who spends in proportion to his means, and on proper objects, while he who does so in excess is prodigal (this is the reason why we never call despots prodigal, because it does not seem to be easy for them by their gifts and expenditure to go beyond their immense possessions).
To sum up then. Since Liberality is a mean state in respect of the giving and receiving of wealth, the Liberal man will give and spend on proper objects, and in proper proportion, in great things and in small alike, and all this with pleasure to himself; also he will receive from right sources, and in right proportion: because, as the virtue is a mean state in respect of both, he will do both as he ought, and, in fact, upon proper giving follows the correspondent receiving, while that which is not such is contrary to it. (Now those which follow one another come to co-exist in the same person, those which are contraries plainly do not.)
121a] Again, should it happen to him to spend money beyond what is needful, or otherwise than is well, he will be vexed, but only moderately and as he ought; for feeling pleasure and pain at right objects, and in right manner, is a property of Virtue.
The Liberal man is also a good man to have for a partner in respect of wealth: for he can easily be wronged, since he values not wealth, and is more vexed at not spending where he ought to have done so than at spending where he ought not, and he relishes not the maxim of Simonides.
But the Prodigal man goes wrong also in these points, for he is neither pleased nor pained at proper objects or in proper manner, which will become more plain as we proceed. 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.
121b] 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 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. And for this reason their givings are not Liberal, inasmuch as they are not honourable, nor purely disinterested, nor done in right fashion; but they oftentimes make those rich who should be poor, and to those who are quiet respectable kind of people they will give nothing, but to flatterers, or those who subserve their pleasures in any way, they will give much. And therefore most of them are utterly devoid of self-restraint; for as they are open-handed they are liberal in expenditure upon the unrestrained gratification of their passions, and turn off to their pleasures because they do not live with reference to what is honourable.
Thus then the Prodigal, if unguided, slides into these faults; but if he could get care bestowed on him he might come to the mean and to what is right.
Stinginess, on the contrary, is incurable: old age, for instance, and incapacity of any kind, is thought to make people Stingy; and it is more congenial to human nature than Prodigality, the mass of men being fond of money rather than apt to give: moreover it extends far and has many phases, the modes of stinginess being thought to be many. For as it consists of two things, defect of giving and excess of receiving, everybody does not have it entire, but it is sometimes divided, and one class of persons exceed in receiving, the other are deficient in giving. I mean those who are designated by such appellations as sparing, close-fisted, niggards, are all deficient in giving; but other men’s property they neither desire nor are willing to receive, in some instances from a real moderation and shrinking from what is base.
There are some people whose motive, either supposed or alleged, for keeping their property is this, that they may never be driven to do anything dishonourable: to this class belongs the skinflint, and every one of similar character, so named from the excess of not-giving. Others again decline to receive their neighbour’s goods from a motive of fear; their notion being that it is not easy to take other people’s things yourself without their taking yours: so they are content neither to receive nor give.
122a] The other class again who are Stingy in respect of receiving exceed in that they receive anything from any source; such as they who work at illiberal employments, brothel keepers, and such-like, and usurers who lend small sums at large interest: for all these receive from improper sources, and improper amounts. Their common characteristic is base-gaining, since they all submit to disgrace for the sake of gain and that small; because those who receive great things neither whence they ought, nor what they ought (as for instance despots who sack cities and plunder temples), we denominate wicked, impious, and unjust, but not Stingy.
