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Global Economic Recession
Numerous accounts have been made to explain the causes of this great financial disaster. There are a number of compounded factors that has resulted in the outbreak of this financial crisis of enormous proportions. Collapse of the US housing market, highly leveraged financial transactions and a low interest rate encouraging borrowings, among others, have all contributed to the downturn in the global financial market. Let us now look at these various causes in greater detail.
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  Aristotle
Aristotle
Aristotle (384 BC - March 7, 322 BC) was an ancient Greek philosopher. Along with Plato, he is often considered to be one of the two most influential philosophers in Western thought. He wrote many books about physics, poetry, zoology, logic, government, and biology. The three most influential ancient Greek philosophers were Aristotle, Plato (a teacher of Aristotle) and Socrates (ca. 470 BC-399 BC), whose thinking deeply influenced Plato. Among them they transformed Presocratic Greek philosophy into the foundations of Western philosophy as we know it. Socrates did not leave any writings, possibly as a result of the reasons articulated against writing philosophy attributed to him in Plato's dialogue Phaedrus. His ideas are known to us only indirectly, through Plato and a few other writers. The writings of Plato and Aristotle form the core of Ancient philosophy. Their works, although connected in many fundamental ways, are very different in both style and substance. Plato mainly wrote philosophical dialogues, that is, arguments in the form of conversations, usually with Socrates as a participant. Though the early dialogues are concerned mainly with methods of acquiring knowledge and most of the last ones with justice and practical ethics, his most famous works expressed a synoptic view of ethics, metaphysics, reason, knowledge and human life. The fundamental idea of Plato is that knowledge gained through the senses is always confused and impure; true knowledge being acquired by the contemplative soul that turns away from the world. To attain such true knowledge, the philosopher must make use of the "royal science" of dialectic. One of the necessary obstacles of dialectic is dialogue itself which guides the interlocutors away from the paths to truth. The soul alone can have knowledge of the Forms, the real essences of things, of which the world we see is but an imperfect copy. Such knowledge has ethical as well as scientific importance. Plato can be called, with qualification, an idealist and a rationalist. Aristotle, by contrast, placed much more value on knowledge gained from the senses and would correspondingly be better classed among modern empiricists. He also achieved a "grounding" of dialectic in the Topics by allowing interlocutors to begin from commonly held beliefs Endoxa; his goal being non-contradiction rather than Truth. He set the stage for what would eventually develop into the scientific method centuries later. Although he wrote dialogues early in his career, no more than fragments of these have survived. The works of Aristotle that still exist today are in treatise form and were, for the most part, unpublished texts. These were probably lecture notes or texts used by his students, and were almost certainly revised repeatedly over the course of years. As a result, these works tend to be eclectic, dense and difficult to read. Among the most important ones are Physics, Metaphysics, Nicomachean Ethics, Politics, De Anima (On the Soul) and Poetics.
full text » 
see also:
  Ancient Greek Ethics
  Bertrand Russell
  Conceptions of Nature
  Confucianism
  Empiricism
  Ethics of Aristotle
  Francis Bacon
  Friedrich Nietzsche
  Homer
  Homeric Ethics
  Jean Jacques Rousseau
  Knowledge, Morals, and Politics
  Morality and Religion of Socrates
  Naturalist Movement
  Plato
  Socrates
  Socrates and Plato
  The Importance of Aristotle
  The Importance of Plato
  Trial of Socrates




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