What is the purpose of material wealth according to Aristotle?

According to Aristotle, material wealth serves a functional role; it is always useful for acquiring something else. This perspective aligns with his understanding of practical goods in relation to achieving higher goals in life. Aristotle believed that while material wealth is not the ultimate aim of life, it can facilitate the pursuit of virtuous activities and enhance one's ability to live well.

Wealth, in this context, is instrumental; it acts as a means to attain ends such as friendship, education, and moral development, which contribute more directly to human flourishing or eudaimonia. Therefore, material wealth must be understood within the framework of its utility in achieving other important values rather than as a goal in itself.

This understanding contrasts with the notion of wealth as an end in itself, which misrepresents its purpose according to Aristotle’s philosophy. Happiness, respect, and honor are indeed important for a fulfilling life, but they are understood as outcomes of virtuous behavior and living well rather than direct purposes of possessing wealth.