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Saturday, August 1, 2020 | History

1 edition of Mediaeval concept of the just price found in the catalog.

Mediaeval concept of the just price

by Bernard King McGrath

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  • 3 Currently reading

Published .
Written in English


Edition Notes

Thesis (M.A.)--Boston University, 1949.

The Physical Object
Paginationii, 47, iv pages
Number of Pages47
ID Numbers
Open LibraryOL25916053M
OCLC/WorldCa7904950

The confusion stems from our conviction that price should reflect worth. When this isn't the case, we feel a sense of injustice. Aristotle is often credited as the first person to take an in-depth look at the relationship between price and worth, devoting an entire book of the Ethics to the justum pretium-- the just price. A remarkable work in.   The Sulwan al-Muta' is an year-old handbook for statesmen written by a Sicilian Arab who addressed this advice for a "just prince" based on Islamic morality, European realism and a broad-ranging knowledge of different cultures. The work is explicated using straight philosophical discourse as well as the narrative whirl of fables-within-fables so beloved of ancient and mediaeval Oriental Reviews: 3.

The concept of just price is usually related to the Scholastics in the history The Medieval theories of the just price. Philadelphia: American. The paper then considers the Dutch book. Author: Karen Harris Publisher: ISBN: Size: MB Format: PDF, Kindle View: Get Books. The Medieval Vagina The Medieval Vagina by Karen Harris, The Medieval Vagina Books available in PDF, EPUB, Mobi Format. Download The Medieval Vagina books, In the Middle Ages much like today, the vagina conjured fear and repulsion, yet it held an undeniable allure.

Downloadable! In The concept view of many economists the just price is a nebulous concept invented by pious monks who knew nothing of business or economics and were blissfully unaware of market mechanisms. It is true that certain writers, Catholics and non-Catholics alike, have done their best to accredit this fairy tale and to propagate the notion that the just price, instead of being set by. price for the service rendered rath-er than in the sense of performing the work of the state The Concept of Just Price—In the Middle Ages, as we view conditions through our earliest law books, as well as through our economic his-tories, we find an era of strict con-trol. To quote Ogg & Sharp, "The gild, the feudal lord, the town, the.


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Mediaeval concept of the just price by Bernard King McGrath Download PDF EPUB FB2

According to a widespread belief-found in nearly all books dealing with the subject-the just price was linked to the medieval concept of a social hierarchy and corresponded to a reasonable charge which would enable the producer to live and to support his family on a scale suitable to his station in life.' This doctrine is generally thought to have.

According to a widespread belief—found in nearly all books dealing with the subject—the just price was linked to the medieval concept of a social hierarchy and corresponded to a reasonable charge which would enable the producer to live and to support his family on a scale suitable to his station in life.1 This doctrine is generally thought.

The medieval theories of the just price;: Romanists, canonists, and theologians in the twelfth and thirteenth centuries (Transactions of the American Philosophical Society) [Baldwin, John W] on *FREE* shipping on qualifying offers.

The medieval theories of the just price;: Romanists, canonists, and theologians in the twelfth and thirteenth centuries (Transactions of the American Author: John W Baldwin.

On pages I4-I5 of the introduction to his wonderful little book with which we are all familiar, The Economic and Social History of Medieval All this suggests that the concept of just price will reward more investiga- (all much used in medieval statutes) as "just ignorance," "just impediment," "just reason," or "just delay." At present I.

The argument will first focus separately on the description of the medieval notions of price (cost of production, need, etc.) and of justice (virtue/vice) as features of the medieval concept of the just price.

The concept of the just price is the basis of a great deal of erroneous economic thought that permeates our supposedly free market, capitalistic society. Laws against usury, loan sharking, price gouging, ticket scalping, dumping, profiteering, equal pay, price discrimination, predatory pricing and lending, product bundling, and antitrust — these are all prime examples of this fallacious way.

Downloadable (with restrictions). The medieval notion of the just price was an outcome of neither an exclusively economic analysis nor a completely ethical argument, but an amalgam of some features of each.

At issue is the significance the medievals attached to the concepts of price and justice and how an integrated economics and ethics made for a mode of reasoning about price different from.

The just price is a concept that involves both economics and idea attempts to distinguish between fair and unfair methods of gain in commerce. It was given its classic exposition by the Catholic theologian Thomas Aquinas, though it was not original to flows from the traditional Christian opposition to usury, which originally meant any and all interest on money lent.

Of course, when modern, capitalist economic standards are applied to past ‘economies’, all ages before early modernity will be found lacking, their economic “systems” deemed deeply flawed. Just price definition is - a price conforming to the doctrine developed in antiquity and elaborated in the medieval period that price should in general correspond to the cost of production.

Medieval Economic Thought reviews how theorists interpreted ethical choice and balance in relation to property, wealth and poverty, money, standards of measurement, commerce, the just price and usury. Each topic is illustrated with concrete examples of economic practice drawn mainly from English sources.

By Dr. Hassan Shirvani — The concept of the “just” or “fair” price is as old as History. To combat predatory lending practices, price gouging, profiteering, and price discrimination, many governments throughout history have passed laws to protect their citizens against dishonest and unethical lenders and sellers.

Thus, the Babylonian king Hammurabi ( B.C.) had. In medieval times, philosophers and theologians believed that the exchange of goods should be governed by a "just price," determined by tradition or the intrinsic value of things.

MEDlEVAL JUST PRICE 73 venzre. At the same time, they also made the acquaintance of an excep­ tional case in the law of Justinian, the device of laesio enormis, by which the seller of landed property (fundus) was entitled to remedies if the contract price was found to be less than one-halfthe 'just price' (pretium uerum, pretium iustum); in this case the buyer could at his option either.

Up until that time, the predominant theory of value had been the medieval theory based on the cost of production as the sole determinant of a just price (a variant of the cost-of-production theory of value, most recently manifested in the labor theory of value).

OCLC Number: Description: 94 pages 30 cm. Contents: The legacy of antiquity. Aristotle: a theory of exchange --The church fathers: misgivings about the merchant --Ancient Roman law: a legal system of sale --The Medieval Romanists (Twelfth and Thirteenth centuries).Freedom of bargaining --Laesio Enormis --The estimation of the just price --The problem of price and fraud --The.

Thus, it is not surprising that the first two generations of leaders in New England should have fallen back upon "tried and true" medieval economic concepts. One of these was the concept of the just price.

A "Just" Price. A lot of needless confusion has emerged from discussions of scholars concerning the just price. The idea of the just price is associated primarily with scholastic economics. The schoolmen suggested two ways of estimating the just price, with reference to cost and with reference to the market.

The former originated in reply to some of the Church fathers, who claimed that merchants reaped an unjust profit from the toils of others. gaining profit through the difference in prices were declared turpe lucrum, shameful gain. 8 Ibid., p 9 For a general overview of mediaeval theories see e.g.

Baldwin J.W. The Medieval Theories of the Just Price: Romanists, Canonists, and Theologians in the Twelfth and Thirteenth Centuries. Raymond Adrien Marie de Roover (–) was a noted economic historian of medieval Europe, whose scholarship explained why Scholastic economic thought is best understood as a precursor of, and wholly compatible with, classical economic thought.

In contrast, many midth-century economic historians, such as R.H. Tawney, taught that Karl Marx was the last and greatest of the Scholastic. The medieval theories of the just price Romanists, canonists, and theologians in the twelfth and thirteenth centuries.JUST PRICE This article does not treat in detail the many complexities of modern price justice, but attempts only to state generally accepted moral principles governing the just price.

These principles are meant to apply to staple commodities bought and sold in the open market; they do not necessarily apply to rare articles or occasional private transactions.Let’s move on to your books on the Middle Ages.

The first one is Framing the Early Middle Ages: Europe and the Mediterranean to by Chris Wickham. Why have you chosen this one? Partly just because it’s written by one of the most inspiring historians I know—many of us have been taught by Chris Wickham and felt immensely inspired and supported by him—and partly because it’s a.