Greed

Greed (or avarice, Latin: avaritia) is an insatiable desire for material gain (be it food, money, land, or animate/inanimate possessions) or social value, such as status or power.

The initial motivation for (or purpose of) greed and actions associated with it may be the promotion of personal or family survival. It may at the same time be an intent to deny or obstruct competitors from potential means (for basic survival and comfort) or future opportunities; therefore being insidious or tyrannical and having a negative connotation. Alternately, the purpose could be defense or counteractive response to such obstructions being threatened by others.

Modern economic thought frequently distinguishes greed from self-interest, even in its earliest works, and spends considerable effort distinguishing the line between the two. By the mid-19th century – affected by the phenomenological ideas of Hegel – economic and political thinkers began to define greed inherent to the structure of society as a negative and inhibitor to the development of societies. Keynes wrote, "The world is not so governed from above that private and social interest always coincide. It is not so managed here below that in practice they coincide." Both views continue to pose fundamental questions in today's economic thinking.

Weber posited that the spirit of capitalism integrated a philosophy of avarice coloured with utilitarianism. Weber also says that, according to Protestant ethic, "Wealth is thus bad ethically only in so far as it is a temptation to idleness and sinful enjoyment of life, and its acquisition is bad only when it is with the purpose of later living merrily and without care."

As a secular psychological concept, greed is an inordinate desire to acquire or possess more than one needs. The degree of inordinance is related to the inability to control the reformulation of "wants" once desired "needs" are eliminated. It is characterized by an insatiable desire for more, but also a dissatisfaction with what one currently has. Erich Fromm described greed as "a bottomless pit which exhausts the person in an endless effort to satisfy the need without ever reaching satisfaction". An individual's tendency to be greedy can be seen as a personality trait that can be measured. With measures like these, greed has been found to be related to financial behavior (both positive in earning and negative in borrowing/saving less), to unethical behavior, and to negatively relate to well-being.

Animal examples of greed in literary observations are frequently the attribution of human motivations to other species. The dog-in-the-manger, or piggish behaviours are typical examples. Characterizations of the wolverine (whose scientific name (Gulo gulo) means "glutton") remark both on its outsized appetite, and its penchant for spoiling food remaining after it has gorged.

Ancient views of greed abound in nearly every culture. In Classical Greek thought; pleonexy (an unjust desire for tangible/intangible worth attaining to others) is discussed in the works of Plato and Aristotle. Pan-Hellenic disapprobation of greed is seen by the mythic punishment meted to Tantalus, from whom ever-present food and water is eternally withheld. Late-Republican and Imperial politicians and historical writers fixed blame for the demise of the Roman Republic on greed for wealth and power, from Sallust and Plutarch to the Gracchi and Cicero. The Persian Empires had the three-headed Zoroastrian demon Aži Dahāka (representing unslaked desire) as a fixed part of their folklore. In the Sanskrit Dharmashastras the "root of all immorality is lobha (greed).", as stated in the Laws of Manu (7:49). In early China, both the Shai jan jing and the Zuo zhuan texts count the greedy Taotie among the malevolent Four Perils besetting gods and men. North American Indian tales often cast bears as proponents of greed (considered a major threat in a communal society). Greed is also personified by the fox in early allegoric literature of many lands.

Greed (as a cultural quality) was often imputed as a racial pejorative by the ancient Greeks and Romans; as such it was used against Egyptians, Punics, or other Oriental peoples; and generally to any enemies or people whose customs were considered strange. By the late Middle Ages the insult was widely directed towards Jews.