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When just price is not enough: Thomas Aquinas on the sale of a married serf

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  • Pierre Januard

    (PHARE - Philosophie, Histoire et Analyse des Représentations Économiques - UP1 - Université Paris 1 Panthéon-Sorbonne)

Abstract

The case of the sale of the married serf in the Commentary on the Sentences includes the third use by Thomas Aquinas of the term 'just price', and is the last of a little known set of three seemingly incidental limit cases described in his early works. Yet this passage proves decisive for a renewal of the understanding of exchange presented in the later and better known works such as the Summa theologiae. It establishes a justification of exchange based on two non-substitutable criteria: the price and the nature of the good exchanged, and it provides the broadest foundational framework for exchange.

Suggested Citation

  • Pierre Januard, 2024. "When just price is not enough: Thomas Aquinas on the sale of a married serf," Working Papers halshs-04666602, HAL.
    • Handle: RePEc:hal:wpaper:halshs-04666602
    DOI: 10.13140/RG.2.2.35107.05924
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-04666602
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    Keywords

    Thomas Aquinas Scholastics just price risk JEL classification: B11; Thomas Aquinas; Scholastics; just price; risk JEL classification: B11;
    All these keywords.

    JEL classification:

    • B11 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Preclassical (Ancient, Medieval, Mercantilist, Physiocratic)
    • B11 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Preclassical (Ancient, Medieval, Mercantilist, Physiocratic)

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