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Hispanic-American Scholasticism: counter side of Mercantilism

Author

Listed:
  • Leandro Haberfeld

    (Universidad de Buenos Aires. Facultad de Ciencias Económicas. Departamento de Economía. Buenos Aires, Argentina.
    CONICET-Universidad de Buenos Aires. Instituto Interdisciplinario de Economía Política de Buenos Aires (IIEP Baires). Buenos Aires, Argentina.)

Abstract

In parallel with the development of Mercantilism during the sixteenth and seven-teenth centuries, there appeared in Salamanca and Hispanic America a school of thought formed by Catholic priests who sought to understand how the Thomistic principles of just price and commutative justice applied to in an economy character-ized by trade at an international scale. Two early contributions to economic theory appear: the autonomy of economics with respect to authority and a perspective of a country’s prosperity based on the well-being of its inhabitants seen as consumers. This “alternative discourse” is recovered in the twentieth century as an anticipation of the principles of Marginalism.

Suggested Citation

  • Leandro Haberfeld, 2021. "Hispanic-American Scholasticism: counter side of Mercantilism," Revista de Economía Política de Buenos Aires, Universidad de Buenos Aires. Facultad de Ciencias Económicas., issue 22, pages 119-142, June.
  • Handle: RePEc:ake:repba1:y:2021:i:22:p:119-142
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    More about this item

    Keywords

    History of Economic Thought; Hispanic American Scholasticism; just price; market; Marginalism;
    All these keywords.

    JEL classification:

    • B1 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925

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