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good

Economics a commodity or service that satisfies a human need

Good

 

in ethics and philosophy, that which includes definite positive meaning. In philosophy the question of good was posed in attempts to explain the meaning of existence and human life and was treated as the problem of the greatest good (summum bonum in Latin, a term introduced by Aristotle); this greatest good determined the relative value of all other goods. The Greek philosophers viewed the greatest good as happiness— “eudaemonia” —the exact meaning of which was defined in various ways by representatives of different schools. For example, the Cyrenaics and Epicurus defined it as pleasure, the Cynics as abstention from passion, and Aristotle and the Stoics as virtue (in the sense of the supremacy of the higher and more rational forms of nature over the lower). Plato considered “the good” to be “the one” which is the basis of all existence. Aristotle distinguished three kinds of good: corporeal (health, strength), external (wealth, honor, glory), and spiritual (intelligence, moral virtue). In the Middle Ages, scholasticism attempted to rework the ideas of the ancient philosophers in terms of the principles of Christian theism. The result was the identification of the greatest good with god, the source of all good and the ultimate goal of human aspiration.

New European philosophy emphasized the role of the subject in determining any sort of good. T. Hobbes and B. Spinoza said that the good is that for which man is striving, that which he needs. Another development which was characteristic of new European ethics was the utilitarian interpretation of good, which reduces it to the idea of usefulness. Kant distinguished the supreme good from the absolute good. The former is good will and moral virtue; and latter requires that virtue be combined with happiness. Thereafter the concept of the good gradually lost its significance and, from the middle of the 19th century was replaced by the concept of value.

In the narrower and specifically ethical sense of the word, the concept of good is opposite to that of evil.

IU. N. POPOV

Material goods Economists consider material goods from two different points of view: in terms of their usefulness (their capacity for satisfying a particular human need) and in terms of how much man has contributed to their production. Accordingly, there are two kinds of value—use value and exchange value. Material goods are usually considered to include consumer goods (services as well as wares) which satisfy a great variety of human needs.

GOOD

References in periodicals archive ?
She said: "I was so impressed with not only the professionalism and skill with which they dealt with a huge variety of difficult situations, but also with the good humour they employed throughout."
Completing an exceptional double bill, leading Aussie comic Adam Hills will deliver his equally amicable good humour, which usually gets a crowd on his side in a matter of seconds -with even the most reserved audiences willingly swept along with his infectious style.
She said: "I was so impressed with not only their professionalism and skill but also with the good humour they employed throughout."
Although Carol, 52, entered the ITV reality show as a 33-1 outsider to win, she managed to endear herself to the nation by retaining her good humour and showing guts throughout.
A passenger comment about Mr Wignall states: "His good humour, helpfulness and encyclopaedic knowledge of the rail network makes travelling by train with him a delight."
I worked with him in Formula 1 in the 1990s and tried to learn from his unfailing good humour, his loyalty to his friends and his refusal to write a story that might somehow betray a confidence.
Carol, right, retained her good humour throughout, even while eating kangaroo testicles and fish eyes.
Ghoulish as this might sound, it was all in good humour.
The winner will have "inspired and encouraged students with their brilliance, sensitivity, dedication, humanity, good humour, encouragement and stylish dress sense".
"But he took it in good humour and gave a good interview.
Yet Jackson appears to be taking the ribbing in good humour.
At home and abroad, she has fulfilled Royal engagements with dignity and good humour.