Research on the economic context of Jesus* teaching on wealth and exchange points to the need to take into account the nature and extent of market arrangements in first-century Roman Palestine. This context involves changing relations among reciprocity, redistribution, and market exchange....

Nothing is more common in moral debates than to invoke the names of great thinkers from the past. Business ethics is no exception. Yet insofar as business ethicists have tended to simply mine abstract formulas from the past, they have missed out on the potential intellectual gains in...

This paper examines the marginal utility as a theory of value in comparison with the theories which preceded it. It compares in detail the utility theory with the predominant theory of value of classical economics, a cost theory which saw labor as the ultimate source of value. By introducing a...

Spanish Abstract: Francisco Suárez es el teólogo más relevante de la escuela española de derecho natural o Escuela de Salamanca en sentido amplio. Según piensa, el derecho de imponer tributos justos reside en exclusiva en la autoridad suprema, sin necesitar el consentimiento de las Cortes....

Warfare is an important and common subject in discussions on mercantilism. However, the idea of a mercantilist (type of) warfare rarely appears in the specialized literature. This article begins with a historiographical review of the uses of mercantilist warfare. It identifies mercantilist...

John Rae has recently been rediscovered as a precursor of the endogenous growth theory. This study argues that Rae needs to be rediscovered a second time for his original contribution to clarify the role of the innovation and technical change within the economic systems. The aim of this paper is...

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...

A confused idea of Greek history has become a policy concept for many Anglo-American politicians and journalists. Based on an article by historian Graham Allison, the idea asserts that in any historical context a rising economic region or nation will come into military conflict with earlier...

Lex mercatoria or Law Merchant (‘LM') is said to be the self-made law of international commerce. According to its proponents, LM is an autonomous legal order that not only supplements state commercial law, but works as a substitute for it. The ‘ancient' LM, which accompanied the commercial...

The School of Salamanca is often identified as the first economic tradition in the history of the “dismal science.” Its members anticipated principles later developed by the likes of Adam Smith and Carl Menger. This paper provides an economic theory of the development of economic analysis by...