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The Misunderstanding of Virtues in Renaissance Europe
Machiavelli thinks in Renaissance Europe, the virtue of liberality is misunderstood. People think it means giving enormous gifts to a small number of people. Extravagance is the name of a vice, not a virtue, so you've misunderstood the virtue. The other cardinal virtue, the other princely virtue, which is crucial to Machiavelli, in misunderstanding the virtues is clemency. So we misunderstand the virtues, and underlying this is a passion in Renaissance culture.