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Donum, exchange and common good in Aquinas: the dawn of civil economy

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  • Paolo Santori

Abstract

This paper explores the role of gift (donum) and common good in Thomas Aquinas’ (c1225–1274) economic teachings. The result is a theory of economic agency, rooted in the concept of mutual assistance (reciprocity), under which Aquinas’ account of just price is considered. The paper also relates Aquinas’ thought to the work of the “civil economist” Antonio Genovesi (1713–1769). Genovesi’s account of the market as a place of virtue and mutual assistance is deeply connected to Thomistic anthropological and economic theses. This would classify Aquinas as a fundamental author for the tradition of civil economy.

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  • Paolo Santori, 2020. "Donum, exchange and common good in Aquinas: the dawn of civil economy," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 27(2), pages 276-297, March.
    • Handle: RePEc:taf:eujhet:v:27:y:2020:i:2:p:276-297
    DOI: 10.1080/09672567.2020.1720764
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    Citations

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    Cited by:

    1. Pierre Januard, 2021. "Analysis risk and commercial risk: the first treatment of usury in Thomas Aquinas’s Commentary on the Sentences," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 28(4), pages 599-634, July.
    2. Pierre Januard, 2022. "Probability, prudence, danger: Thomas Aquinas on the building of the lexicon of risk," Working Papers halshs-03787210, HAL.
    3. Pierre Januard, 2022. "Licit and illicit risks in Thomas Aquinas's De emptione et venditione ad tempus [Risques licites et illicites dans le De emptione et venditione ad tempus de Thomas d'Aquin]," Working Papers halshs-03559035, HAL.
    4. Pierre Januard, 2022. "Risks on Trade: The Activity of the Merchant in Thomas Aquinas's Commentary on the Sentences," Working Papers halshs-03313255, HAL.
    5. Januard, Pierre, 2024. "Probability, prudence, danger: Thomas Aquinas on the building of the lexicon of risk," SocArXiv n7j9t, Center for Open Science.
    6. Pierre Januard, 2022. "Risky exchanges: price and justice in Thomas Aquinas’s De emptione et venditione ad tempus," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 29(4), pages 729-769, July.
    7. Federica Nalli, 2023. "What Mutual Assistance Is, and What It Could Be in the Contemporary World," Journal of Business Ethics, Springer, vol. 182(4), pages 1041-1053, February.
    8. Pierre Januard, 2022. "At the Boundaries of the Trading Sphere: The Appearance of the 'Just Price' in Thomas Aquinas's Commentary on the Sentences," Working Papers halshs-03658417, HAL.
    9. Pierre Januard, 2022. "Licit and illicit risks in Thomas Aquinas's De emptione et venditione ad tempus [Risques licites et illicites dans le De emptione et venditione ad tempus de Thomas d'Aquin]," Post-Print halshs-03559035, HAL.

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