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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 ?
"If you want to look healthy and attractive, it is way better to get a good night's sleep and a lot cheaper than other beauty treatments," says John Axelsson, of the department of clinical neuroscience at the Karolinska Institute in Stockholm.
Sir Mark continued: "She's a little bit drowsy but she had a good night and is slightly sedated at the moment.
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Good Night, and Good Luck (Warner Independent) took us back to the early days of television with a morality tale about the duties of a free press--not merely to entertain and distract, but also to inform, educate, and question.
According to a recent National Sleep Foundation study, 26% of adults get a good night's sleep only a couple nights per month or less, and another 24% indicated that they get a good night's sleep only a few times per week.
Spearmint and rosemary oils are infused in the Oily Skin Bar, and lavender and rose petals make the Good Night Baby Bar especially pleasant.
Good Night and Good Luck (George Clooney, 2005) schmoozes onto the screen with a saxophone rendition of Nat 'King' Cole's 'When I Fall in Love'.
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Now in its eleventh edition, Say Good Night To Illiteracy is an affordably priced hardcover anthology of stories and poems from a wide variety of authors, chosen through Half Price Books' Bedtime Storybook Writing Contest.
Sleep disorders that interfere with a good night's rest are numerous; many may be related to MS.