The Legacy of Scholasticism in Economic Thought: Antecedents of Choice and Power

ISBN-13: 9780521621595 / Angielski / Twarda / 1998 / 228 str.

Odd Langholm; Craufurd Goodwin

Opis

This book is a study in the history of economic thought. It deals with the economics of exchange, that is, with prices, wages and interest rates. Those who pay a certain price or interest rate, or work at a certain wage, may agree to do so because they are in economic need. They are thus in a sense compelled and not free to choose. This problem was first discussed by teachers in the medieval universities. This book follows the discussion from the Middle Ages to the present.

Recenzje

"...Langholm has done more than any scholar to uncover the widely scattered sources of Scholastic economic thought, to reimagine the shape and logic of a tradition that lasted more than four centuries, and to bring the subject to a wide audience. It presents a wealth of textual evidence culled from an impressive array of sources,,,this work is directed at least as much to modern historians and economists as it is to medievalists...the intent, informational content, and overal conception of the book are praiseworthy...It may indeed work for the audience who, educated primarily in modern economic theory, will be introduced to another, clearly quite sophisticated, set of assumptions about the ethical dimensions of exchange. There is much in this book that will enlighten and impress them." Speculum: Journal of Medieval Studies

Spis treści

Preface; Introduction; Part I. Compulsion and the Will: Three Ancient Traditions: 1.The Aristotelian tradition; 2. The Roman law tradition; 3. The Augustinian tradition; Part II. Need as Compulsion: The Scholastic Paradigm: 4. Loans and usury; 5. Price and market manipulation; 6. Need and the will in buying and selling; 7. Labor and wages; Part III. Rejection and Revival in Postscholastic Thought: 8. Hobbes: the antithesis; 9. The economics of natural law; 10. The neoclassical system and its critics; Bibliography; Index.