See the first post here: “Epictetus’ Stoicism (1)”
Epictetus has a way of assessing what is valuable about our lives as humans that I find refreshing. In our society (I speak as an American), most people determine your greatness based on wealth and power. (Interestingly, many Americans also think of our society as a “Christian” one…but that’s another discussion altogether.) Rarely do we admire people for their virtues. Maybe we admire wealthy and powerful people who seem to have retain some virtue but our admiration of their virtue is secondary. We’re surprised that they have money, power, and character. But for Epictetus, as I wrote in the last post, there’s nothing about being wealthy that makes someone inherently great. If someone is wealthy, that’s just it: they have a lot of wealth. It tells us little about them as a human. The same is true of power.

Epictetus and Wealth
Now Epictetus doesn’t seem to be one who would say that we should “eat the rich”. He wasn’t anti-wealth. Nor is he anti-power. It’s just that he didn’t see these things as the be-all, end-all of human value like we are taught in capitalist societies. Epictetus saw wealth and power as things that someone might have, mostly by means that are beyond their control (e.g. born into a certain family; right place, right time opportunities). He didn’t deny that people who want wealth must pursue it, so there’s definitely some minimal contribution of human agency. But it is very minimal. Every wealthy and powerful person arrives where they do not because of the power of their will but because many things beyond their control went their way.
Here is what Epictetus appears to think of the decision to pursue wealth and power with our limited agency: it’s just an exchange. We’re making the decision to trade certain things for others. The trades aren’t necessarily “good” or “bad” but merely preferential. Let me share some excerpts that will explain what I mean (and remember, I’m using Long’s translation).
Judgments, Motivations, Desires, and Aversions
First, Epictetus warns us “if you desire any of the things that are not up to us, you are bound to be unfortunate” (Section 2; Long, p. 9). Epictetus has stated already that the things that are up to us are judgments, motivations, desires, and aversions. In other words, our perspective on the world is our own; how we exist in the world is mostly outside of our control. Wealth and power aren’t judgments, motivations, desires, and aversions but we can judge that we want wealth and power, be motivated to attain it, desire it, and be averse to experiences like poverty and powerlessness. But the only real choice that we’re making that’s in our control is the choice to value what we value. We could choose to value other things, like peace, tranquility, happiness, etc., which are more easily accessible as states of mind.
What We Value
Second, we must take responsibility for what we decide to value, knowing it could let us down if we fail to earn the wealth and power of which we dream. Epictetus says (Section 5; pp. 11, 13), “It is not things themselves that trouble people, but their opinion about things.” And “whenever we are frustrated, or troubled, or pained, let us never hold anyone responsible except for ourselves, meaning our own opinions.” With regard to what I’m saying here, if we pursue wealth and power and we fail, we have no one to blame for the fact that we invested so much of our emotion into those externals.
Entitled to Nothing
Third, we should see nothing of this sort as owed to us. We are not entitled to wealth or power, no matter who we are. Epictetus reminds us (Section 11, p. 19), “Never say about anything, “I have lost it’; but say, ‘I have returned it’.” If we have wealth and power at one moment, and then we lose it at the next, it was never “ours”. We had it on loan. (More intensely, Epictetus says this about the death of a loved one like a spouse or a child, for even with regard to people that precious to us, he stands by his assertion that we must remember that we can’t control whether they are with us or not. This has been a harder teaching for me to accept but I’m still processing why I’m open to Epictetus’ posture toward wealth and power while much more resistant to his posture toward lost loved ones. That being said, in his era, life-spans were shorter and one was more accustom to experiencing the death of a spouse or a child than we are, so it was something with which a first century CE Roman had to learn to cope.)
Distrust Yourself
Fourth, as I’ve discussed in another post (see “‘If people think you amount to something, distrust yourself'”), even if we pursue wealth and power, we should never allow ourselves to buy into our own hype. Epictetus writes in Section 13 (p. 21), “Even if some people think you are somebody, distrust yourself.” Oh that many of the world’s most wealthy, influential, and powerful people had an ounce of this self-awareness. Maybe to be a major player on the world stage like a Putin, or a Jinping, or a Trump, you have to have a level of narcissism that drives you to bulldoze forward no matter what but I don’t know that our world is better with such men in power. What if such men paused to have a moment of doubt as to whether they should be where they are, acting toward others as they do. Imagine.
Appearances Can Be Deceptive
Fifth, Epictetus reminds us that people who have wealth and power may not be as satisfied as they appear. He writes in Section 19 (p. 29):
“When you see someone honored ahead of you or holding great power or being highly esteemed in another way, be careful never to be carried away by the impression and judge the person to be happy. For if the essence of goodness consists in things that are up to us, there is room for neither envy nor jealousy, and you yourself will not want to be a praetor or a senator of a consul, but to be free. The only way to achieve this is by despising the things that are not up to us.”
A modern example that stands out to me is Elon Musk. The man spends hours on “X/Twitter”. There are days he tweets over a hundred times. He’s reported to have a burner account to fight online with his enemies. His cult of personality leads some to worship him thinking that “he’s playing chess while everyone else is player checkers” but what’s his goal. He’s the wealthiest man in the world and clearly, that doesn’t satisfy. He has to ear of powerful politicians, but that doesn’t satisfy. I’m skeptical that he’s a man who can be satisfied and by this I mean that he’s a man who could embrace happiness, peace, and tranquility. He needs drama. He needs a fight. Clearly, he needs to be constantly distracted. The billions aren’t enough. Epictetus would remind us that we should be very careful when we become jealous of such people. Do we want their lives, really? If your happy, at all, then you may want a piece of his financial security but I guarantee that if a genie offered you the chance to swap places with him, you’d turn down the offer.
Satisfaction Starts Inside
Sixth, this is because Epictetus believes that if you aren’t satisfied with yourself, there’s nothing wealth and power can provide you. In Section 23 (p. 33), he writes, “If you ever find yourself looking for outside approval in order to curry favor, you can be sure that you have lost your way.” And in Section 24, he says that we should not worry about living a life “without honor” in fear that we’ll be “a nobody everywhere”. Instead, we should embrace the reality that we “need to be somebody only in the things that are up to you, and in them you can be a top person” (p. 35). Personally, this means trying to be a good husband, father, and teacher. I don’t need to be somebody to many; I need to be much to a few.
Pursue Wealth, If You Can Preserve Honor, Integrity, and Moral Principles
Seventh, Epictetus addressed whether we should seek wealth (and we can add power) so that we can support others, like our friends. His response (in Section 24; pp. 35, 37)?
“If I can get it and preserve my honor and integrity and moral principles, show me the way, and I will get it. But if you are asking me to lose the good things that are mine just for your to acquire things that are not good, you can see how unfair you are and how ungenerous. Would you rather have money or a trustworthy and honorable friend?”
Similarly, Epictetus sees this commitment to honor, integrity, and moral principles as a patriotic act that benefits one’s nation: “And if you were to supply your country with another trustworthy and honorable citizen, would you not being doing it a benefit?” If we sacrifice our values, Epictetus warns (p. 39), “…if you lose this character in wanting to benefit your country, and you end up dishonorable and untrustworthy, what benefit would you be?”
Weigh the Costs
Finally, back to the most important point: all pursuits are exchanges. Epictetus advises (Section 29; p. 45):
“In every undertaking, examine its antecedents and their consequences, and only then proceed to the act itself. If you don’t do that, you will start enthusiastically, because you have not thought about any of the next stages; then, when difficulties appear, you will give up and be put to shame.”
He uses the example of somehow who wants to glory of being an Olympian. He doesn’t tell them that they can’t pursue this goal, but that they must count the cost of the exchange (p. 45):
“You must train, keep a strict diet, stay off pastries, submit to a regular regimen each day, summer or winter, drink no cold water and no wine except at appropriate times; in other words, you have to surrender yourself to the trainer just as you would the doctor. Then in the actual contest you have to dig in alongside the other contestants, and perhaps dislocate your hand or twist your ankle, swallow a lot sand, get flogged, and with all of this lose the fight”
Even if one is to commit to be a philosopher in the Stoic way, they must be prepared to lose some things in order to gain others; they must be prepared for certain hardships the lead to certain rewards. Life is about making decisions; it’s about exchanging this for that. “Think about all this then see whether you want to exchange it for calm, freedom, and tranquility” (p. 49).
In my next post, I’ll share some of Epictetus’ words about reputation and worrying about how others view us.
