<P> Eudaimonia (Greek: εὐδαιμονία (eu̯dai̯moníaː)), sometimes anglicized as eudaemonia or eudemonia / juː dɪˈmoʊniə /, is a Greek word commonly translated as happiness or welfare; however, "human flourishing or prosperity" has been proposed as a more accurate translation . Etymologically, it consists of the words "eu" ("good") and "daimōn" ("spirit"). It is a central concept in Aristotelian ethics and political philosophy, along with the terms "aretē", most often translated as "virtue" or "excellence", and "phronesis", often translated as "practical or ethical wisdom". In Aristotle's works, eudaimonia (based on older Greek tradition) was used as the term for the highest human good, and so it is the aim of practical philosophy, including ethics and political philosophy, to consider (and also experience) what it really is, and how it can be achieved . </P> <P> Discussion of the links between virtue of character (ethikē aretē) and happiness (eudaimonia) is one of the central concerns of ancient ethics, and a subject of much disagreement . As a result there are many varieties of eudaimonism . Two of the most influential forms are those of Aristotle and the Stoics . Aristotle takes virtue and its exercise to be the most important constituent in eudaimonia but acknowledges also the importance of external goods such as health, wealth, and beauty . By contrast, the Stoics make virtue necessary and sufficient for eudaimonia and thus deny the necessity of external goods . </P>

How does eudaimonia differ from a more contemporary understanding of happiness
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