The Legacy of Scholasticism in Economic Thought

Antecedents of Choice and Power

AvOdd Langholm,Craufurd D. Goodwin

Häftad, Engelska, 2006

Del i serien Historical Perspectives on Modern Economics

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Beskrivning

This book studies the development of ideas on freedom, coercion and power in the history of economic thought. It focuses on the exchange of goods and services and on terms of exchange (interest rates, prices and wages) and examines the nature of choice, that is, the state of the will of economic actors making exchange decisions. In a social context, anyone's range of choice is restricted by the choices made by others. The first to raise the question of the will in this economic context were the medieval scholastics, drawing on non-economic analytic models inherited from antiquity and mainly from Aristotle. From these origins, views on economic choice, coercion and power are recorded, as they gradually change over the centuries, until they manifest themselves in more contemporary disputes between different branches of institutional economics.

Produktinformation

Utgivningsdatum:2006-11-02
Mått:151 x 228 x 13 mm
Vikt:351 g
Format:Häftad
Språk:Engelska
Serie:Historical Perspectives on Modern Economics
Antal sidor:228
Förlag:Cambridge University Press
ISBN:9780521032124

Utforska kategorier

Nationalekonomi inom Ekonomi och Ledarskap

Recensioner i media

"Langholm has shown that the original Scholastic analysis of the market process drew on Aristotelian and Roman law concepts of volition and free choice as the basis for justice in exchange. Realistic appraisals of need and institutions resulted i practical policies that qualified these premises, paralleling modern institutionalism. This provocative study implicitly demands further investigation of the ideological milieu that produced a naturalistic economics based on the specious Benthamite assumption of ubiquitous rationality." S. todd Lowry, Washington and Lee University

Innehållsförteckning

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.