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.

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.

This volume deals with norms relating to trade and price expressed in handbooks designed for the education of confessors or as aids in the confessional. Parts I and II trace the development of such norms from the earliest times to the Reformation. Some ninety penitential handbooks are analyzed, with biographical sketches of the authors. Part III provides a general overview of penitential trade and price doctrine with an emphasis on the late major Italian summas and compares this doctrine with secular economic thought in the Renaissance and later. The main contribution of this book to the...