Therefore the application of the word to them is not its proper use. For the wasteful person is meant to have a single vicious feature of ruining his property. Wastefulness and ungenerosity with wealth. Giving and receiving in the right way is a virtue. A liberal man gives rightly.
Liberality is a character trait.
For, the virtue being a mean with regard to both, he will do both as he ought. The liberal man practices virtue in giving and taking . We have said that wastefulness and ungenerousity are excesses and deficiencies in two things, in giving and taking - for we also count spending as giving. Now wastefulness is excessive in giving and not taking, but deficient in taking. Ungenerousity is deficient in giving and excessive in taking, but in small matters.