The monetary theories that stem from the works of Thomas Aquinas on the one hand, John Buridan and Nicholas Oresme on the other hand, share common roots: they appear as the result of careful commentaries upon Aristotle's moral and political works. Nonetheless, they differ on both the...

This thesis aims to undertake an economic analysis of private medical practice while stressing on elements, which in our view, remain unsaid or unrecognised. It is about an institutional analysis, based on the historic and social embedding of the health. After presenting the specificities of...

Information and Risk in the Medieval Doctrine of Usury during the Thirteenth Century

Thomas Aquinas can serve as a resource for conceptions of human happiness and practical reason that resist the flatness characteristic of Max U. While Aquinas shares with economists the notion that humans act in order to achieve desirable ends, and that their desire is infinite, he differs from...

The social encyclical Rerum Novarum closely links the question of poverty with that of property, and invokes Thomas Aquinas. But on closer examination, the reasoning developed in favour of property departs from the scholastic thinker, since it maintains more affinities with the liberal tradition...

This paper examines the legal-economic dimension of collusive manipulation of prices from the perspective of the Kautiliya Arthasastra, an ancient Indian treatise on law and statecraft, which is among the oldest sources of information about cartels. It identifies cartels in the treatise, shows...

Traditional ideas sometimes turn into revolutionary ones because of changing circumstances in which they continue to exist. Their revolutionary appearance, however, might be intentionally accentuated by the new followers of these ideas. Consequently, a legitimate and respectable tradition of...

This paper analyzes the contributions of some of the pre-scholastic and scholastic writers on the doctrine of the “just price”. According to their perspective it is difficult to establish an objective method for discovering the “just price” of goods on the market. On the contrary, they...