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| | Treatment of Market Risk in Islam |
 | | So too for Aristotle in the third category democracy was taken for the bad sort and timocracy, which means something like the rule of the worthy, was used to signify a rule of the many for the common good. |
 | | Now, Aristotle, a shrewd observer of human nature, noted that when rulers used their power not for the good of the community, or the common good, but to further their own interests, certain things particularly attracted them according to the different kinds of rule they exercised. |
 | | However, taking into account the condition of human nature where, as Lord Acton says, power corrupts and absolute power tends to corrupt absolutely, the best kind in the concrete would seem to be a mixture of the three good kinds, so that the tendency for one person or a few to dominate others is checked. |
| www.secondspring.co.uk /economy/boland3.htm (3078 words) |
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