§1.23.1ἐλευθεριότης δέ ἐστιν μεσότης ἀσωτίας καὶ ἀνελευθερίας.
And liberality is a mean between prodigality and illiberality.
ἔστιν δὲ περὶ χρήματα τὰ τοιαῦτα πάθη·
And such passions are concerned with wealth.
ὁ τε γὰρ ἄσωτός ἐστιν ὁ ἀναλίσκων εἰς ἃ μὴ δεῖ καὶ πλείω ὧν δεῖ καὶ ὅτε μὴ δεῖ, ὅ τʼ ἀνελεύθερος ἐναντίως τούτῳ ὁ μὴ ἀναλίσκων εἰς ἃ δεῖ καὶ ὅσα δεῖ καὶ ὅτε δεῖ.
For the prodigal is the one who spends on what he ought not, and more than he ought, and when he ought not, while the illiberal person, contrary to him, is the one who does not spend on what he ought, and as much as he ought, and when he ought.
§1.23.2ἀμφότεροι δὲ οὗτοι ψεκτοί.
And both of these are blameworthy.
ἔστι δὲ τούτων ὃ μὲν κατʼ ἔλλειψιν ὃ δὲ καθʼ ὑπερβολήν.
And of these, the one is by way of deficiency, and the other by way of excess.
ὁ ἄρα ἐλευθέριος, ἐπειδή ἐστιν ἐπαινετός, μέσος τις ἂν εἴη τούτων.
Therefore the liberal person, since he is praiseworthy, would be a mean between these.
τίς οὖν ἐστίν;
Who, then, is he?
ὁ ἀναλίσκων εἰς ἃ δεῖ καὶ ὅσα δεῖ καὶ ὅτε δεῖ.
The one who spends on what he ought, and as much as he ought, and when he ought.