Prudence versus greed

posted by
March 11, 2012
A Passion for Liberty
by Tibor R. Machan  
Posted in Commentary

"Most people mean by greed an 'excessive or rapacious desire, especially for wealth or possessions.' As to prudence, it is the quality of being cautious with regard to practical matters and especially in regard for one’s own economic interests, being careful in the management of resources, heeding economy and being frugal. Why is this of any interest? Because the sense of 'prudent' as used to mean being economical, frugal is now being distorted by confusing it with being greedy." (03/09/12)

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