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Richard Cantillon and David Hume both propose the theory of monetary nonneutrality, whereby the money supply changes … economy step by step and changes relative prices. While a number of authors note that Hume and Cantillon both present the same … main constituent parts of the theory in the contributions of both Cantillon and Hume. …
Persistent link: https://www.econbiz.de/10011602964
Persistent link: https://www.econbiz.de/10010205065
Persistent link: https://www.econbiz.de/10010483265
In this paper, I challenge Murray Rothbard's interpretation of the School of Salamanca as proto-Austrian. I argue that Scholasticism is in goals and methods profoundly different from any modern school of economics, and that it is mistaken to use the Austrian school as a standard against which...
Persistent link: https://www.econbiz.de/10012945192
Though contemporaries, Adam Smith and Sir James Steuart are commonly portrayed as men belonging to different eras. Whereas Smith went down in history both as founder of Classical Political Economy and patron of economic liberalism, Steuart became known as the last, outdated advocate of...
Persistent link: https://www.econbiz.de/10012925110
Montchrétien was definitely mercantilist. He praises the ancients, their honors and their self-discipline, but notes, like Serra, that there was no concept of Political Economy in Antiquity. The words, however, appear for the first time in the pseudoaristotelian Oeconomica II, where the...
Persistent link: https://www.econbiz.de/10012975326
This paper looks into the scholastic definitions of the “just price” in the writings of St. Thomas Aquinas (1225-1274) and Bl. John Duns Scotus (1265-1308) and investigates whether they are conceptually different from the current “market price”. A specific focus is on whether government...
Persistent link: https://www.econbiz.de/10012960388
Richard Cantillon and David Hume both propose the theory of monetary non-neutrality, whereby the money supply changes … economy step by step and changes relative prices. While a number of authors note that Hume and Cantillon both present the same … main constituent parts of the theory in the contributions of both Cantillon and Hume …
Persistent link: https://www.econbiz.de/10013022079
In the beginning of the second book of his Politeia (Republic) Plato in passage 2.358e-359a-c raises the issue of the administration of justice as a means of motivating people to behave fairly regarding their relationships and when cooperating with each other because, at the end, this is...
Persistent link: https://www.econbiz.de/10012485255
Die Begriffe Wohlfahrt und Wohlstand werden in ihrem dogmenhistorischen Entstehungskontext untersucht. Dabei wird zum einen der Schwerpunkt auf die von den Physiokraten, aber auch von John Stuart Mill, W. Stanley Jevons und sogar von deutschen Ordoliberalen thematisierten Wachstumsgrenzen gelegt...
Persistent link: https://www.econbiz.de/10009425610