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

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

by Odd Langholm
     
 

ISBN-10: 0521621593

ISBN-13: 9780521621595

Pub. Date: 03/28/2005

Publisher: Cambridge University Press

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

Overview

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.

Product Details

ISBN-13:
9780521621595
Publisher:
Cambridge University Press
Publication date:
03/28/2005
Series:
Historical Perspectives on Modern Economics Series
Pages:
227
Product dimensions:
5.98(w) x 8.98(h) x 0.67(d)

Table of Contents

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.

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