IDEAS home Printed from https://ideas.repec.org/a/rei/ecoins/v5y2003i9p55-77.html
   My bibliography  Save this article

Probabilismo: ética y economía

Author

Listed:
  • Alberto Castrillón

    (Universidad Externado de Colombia)

Abstract

This essay makes reference to the Scholastic doctrine of moral probabilism and explores the possible links between this theological perspective and the modern concept of probability. It shows that these concepts are more related than is suggested by common etymological approaches. Moral probabilism helped confessors to solve cases of conscience, without reducing the problem of human liberty to the extremes of randomness or determinism. Also, it suggests an analogy between the probabilistic approach and Keynes’s Treatise on Probability: for both Scholastic authors and Keynes economic analysis emerges from moral analysis.

Suggested Citation

  • Alberto Castrillón, 2003. "Probabilismo: ética y economía," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 5(9), pages 55-77, July-Dece.
    • Handle: RePEc:rei:ecoins:v:5:y:2003:i:9:p:55-77
    as

    Download full text from publisher

    File URL: http://www.uexternado.edu.co/facecono/ecoinstitucional/workingpapers/acastrillon9.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. de Roover, Raymond, 1958. "The Concept of the Just Price: Theory and Economic Policy," The Journal of Economic History, Cambridge University Press, vol. 18(4), pages 418-434, December.
    2. repec:cup:etheor:v:6:y:1990:i:2:p:171-261 is not listed on IDEAS
    3. Miguel Urrutia, 1997. "Banco Central Independiente y democracia," Revista Cuadernos de Economia, Universidad Nacional de Colombia, FCE, CID, December.
    4. Hendry, David F. & Learmer, Edward E. & Poirier, Dale J., 1990. "A Conversation on Econometric Methodology," Econometric Theory, Cambridge University Press, vol. 6(02), pages 171-261, June.
    5. Raymond de Roover, 1955. "Scholastic Economics: Survival and Lasting Influence from the Sixteenth Century to Adam Smith," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 69(2), pages 161-190.
    6. Fitzgibbons, Athol, 1988. "Keynes's Vision: A New Political Economy," OUP Catalogue, Oxford University Press, number 9780198286417.
    7. E. F. Shawyer, 1998. "Editorial," Maritime Policy & Management, Taylor & Francis Journals, vol. 25(2), pages 105-105, January.
    8. Hendry, David F, 1980. "Econometrics-Alchemy or Science?," Economica, London School of Economics and Political Science, vol. 47(188), pages 387-406, November.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Vergés Josep C., 2000. "The Political Economy of the Just Price: What the School of Salamanca Has To Say in the Age of Corruption," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 10(2), pages 1-33, June.
    2. Clara Jace, 2019. "An economic theory of economic analysis: the case of the School of Salamanca," Public Choice, Springer, vol. 181(3), pages 375-397, December.
    3. José Luis Cendejas Bueno, 2021. "Justice and just price in Francisco de Vitoria's Commentary on Summa Theologica II-II q77," The Journal of Philosophical Economics, Bucharest Academy of Economic Studies, The Journal of Philosophical Economics, vol. 14(1-2), pages 1-32, November.
    4. Neri Salvadori & Rodolfo Signorino, 2014. "Adam Smith on Monopoly Theory. Making good a lacuna," Scottish Journal of Political Economy, Scottish Economic Society, vol. 61(2), pages 178-195, May.
    5. Sabiou M. Inoua & Vernon L. Smith, 2020. "Adam Smith’s Theory of Value: A Reappraisal of Classical Price Discovery," Working Papers 20-10, Chapman University, Economic Science Institute.
    6. Trifilio Sylvain, 2018. "The Economic Theory of the Scholastics as a Contractual Analysis," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 24(1), pages 1-6, June.
    7. Oxley, L.T., 1995. "An expert systems approach to econometric modelling," Mathematics and Computers in Simulation (MATCOM), Elsevier, vol. 39(3), pages 379-383.
    8. Gruener Hans Peter & Hayo Bernd & Hefeker Carsten, 2009. "Unions, Wage Setting and Monetary Policy Uncertainty," The B.E. Journal of Macroeconomics, De Gruyter, vol. 9(1), pages 1-25, October.
    9. Jakob Grazzini & Matteo G. Richiardi & Lisa Sella, 2013. "Analysis of Agent-based Models," LABORatorio R. Revelli Working Papers Series 135, LABORatorio R. Revelli, Centre for Employment Studies.
    10. David F. Hendry, 2013. "Econometric Modelling: The ‘Consumption Function’ In Retrospect," Scottish Journal of Political Economy, Scottish Economic Society, vol. 60(5), pages 495-522, November.
    11. R Burger & S du Plessis, 2011. "Examining the Robustness of Competing Explanations of Slow Growth in African Countries," Studies in Economics and Econometrics, Taylor & Francis Journals, vol. 35(3), pages 21-47, December.
    12. Timothy Johnson, 2015. "Reciprocity as a Foundation of Financial Economics," Journal of Business Ethics, Springer, vol. 131(1), pages 43-67, September.
    13. Bernd Hayo, 1999. "Money-output Granger causality revisited: an empirical analysis of EU countries," Applied Economics, Taylor & Francis Journals, vol. 31(11), pages 1489-1501.
    14. David F. Hendry & Grayham E. Mizon, 2016. "Improving the teaching of econometrics," Cogent Economics & Finance, Taylor & Francis Journals, vol. 4(1), pages 1170096-117, December.
    15. Abbas, Faisal & Hiemenz, Ulrich, 2011. "Determinants of Public Health expenditures in Pakistan," Discussion Papers 118422, University of Bonn, Center for Development Research (ZEF).
    16. Muchlinski, Elke, 2003. "Épistémologie et probabilité chez Keynes," L'Actualité Economique, Société Canadienne de Science Economique, vol. 79(1), pages 57-70, Mars-Juin.
    17. Nadia Matringe, 2016. "Ratio Pecuniam Parit Accounting and the making of financial markets in the Early Modern Age," Working Papers hal-01358129, HAL.
    18. Andreas Blume & April Franco, 2002. "Learning from failure," Staff Report 299, Federal Reserve Bank of Minneapolis.
    19. Douglas Grote, 2009. "Recombinant Slave Equilibria and Their Cure: Living Wage Full Employment," Review of Social Economy, Taylor & Francis Journals, vol. 67(2), pages 175-200.
    20. Roger E. Backhouse & Bradley W. Bateman, 2009. "Keynes and Capitalism," History of Political Economy, Duke University Press, vol. 41(4), pages 645-671, Winter.

    More about this item

    Keywords

    probabilism; scholastic; ethics and economics;
    All these keywords.

    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • B10 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - General
    • B11 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Preclassical (Ancient, Medieval, Mercantilist, Physiocratic)

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rei:ecoins:v:5:y:2003:i:9:p:55-77. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Paola Rodríguez (email available below). General contact details of provider: https://edirc.repec.org/data/feextco.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.