Eudaimonia
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Eudaimonia (Greek: εὐδαιμονία) is a classical Greek word commonly translated as 'happiness'. Etymologically, it consists of the word "eu" ("good" or "well being") and "daimōn" ("spirit" or "minor deity", used by extension to mean one's lot or fortune). Although popular usage of the term happiness refers to a state of mind, related to joy or pleasure, eudaimonia rarely has such connotations, and the less subjective "human flourishing" is often preferred as a translation.
[edit] Greek philosophy
Socrates' philosophy, as it is represented in Plato's early dialogues, contains two related claims about eudaimonia. The first is the strong inter-dependence of eudaimonia, virtue (aretē), and knowledge (epistemē): virtue is a sort of knowledge, perhaps 'knowledge of good and evil', and it is this knowledge that is required to reach the ultimate good, with eudaimonia being the prime candidate for this ultimate good. The second, sometimes called "psychological eudaimonism" or "Socratic intellectualism", is the claim that the ultimate good, eudaimonia, is what all human desires and actions aim to achieve.
Plato's middle dialogues present a somewhat different position. In the Republic, we find a moral psychology more complex than psychological eudaimonism: we do not only desire our ultimate good, rather the soul, or mind, has three motivating parts - a rational, spirited (approximately, emotional), and appetitive part - and each of these parts have their own desired ends. Eudaimonia, then, is not simply acquired through knowledge, it requires the correct psychic ordering of this tripartite soul: the rational part must govern the spirited and appetitive part, thereby correctly leading all desires and actions to eudaimonia and the principal constituent of eudaimonia, virtue.
According to Aristotle, the hierarchy of human purposes aim at eudaimonia as the highest, most inclusive end. This is the end that everyone in fact aims at, and it is the only end towards which it is worth undertaking means. Eudaimonia is constituted, according to Aristotle, not by honor, or wealth, or power, but by rational activity in accordance with virtue over a complete life. Such activity manifests the virtues of character, including courage, honesty, pride, friendliness, and wittiness; the intellectual virtues, such as rationality in judgment; and non-sacrificial (i.e. mutually beneficial) friendships and scientific knowledge (knowledge of things that are fundamental and/or unchanging is the best).
Epicurus agrees with Aristotle that happiness (eudaimonia) is the highest good. However, unlike Aristotle, he identifies happiness with pleasure. Epicurus presents two main arguments. The first defends the claim that pleasure is the only thing that people do, as a matter of fact, value for its own sake. The second, which fits in well with Epicurus' empiricism, supposedly lies in one's introspective experience: one immediately perceives that pleasure is good and that pain is bad, in the same way that one immediately perceives that fire is hot. Thus, as something immediately apparent, no further argument is needed to show the goodness of pleasure or the badness of pain. Although all pleasures are good and all pains evil, Epicurus does not believe that all pleasures are choiceworthy or all pains unchoiceworthy. Instead, one should calculate what is in one's long-term self-interest, and forgo what will bring pleasure in the short-term if doing so will ultimately lead to greater pleasure in the long-term.