EconPapers    
Economics at your fingertips  
 

Analysis risk and commercial risk: the first treatment of usury in Thomas Aquinas’s Commentary on the Sentences

Pierre Januard

The European Journal of the History of Economic Thought, 2021, vol. 28, issue 4, 599-634

Abstract: Whereas literature on Thomas Aquinas’s doctrine of usury has tended to focus on the Summa Theologiae, this paper highlights the contribution of his early work the Commentary on the Sentences. In this work, Aquinas distances himself from the Roman law mutuum and the assumption of a borrower’s state of necessity, and he introduces preliminary monetary elements. He thereby paves the way for a future understanding of surplus in intertemporal exchange. The monetary loan is presented as a commercial exchange involving not only commercial risk but also the risk of analytical errors in understanding the nature of the operation.

Date: 2021
References: Add references at CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://hdl.handle.net/10.1080/09672567.2020.1861046 (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Analysis risk and commercial risk: the first treatment of usury in Thomas Aquinas’s Commentary on the Sentences (2021)
Working Paper: Analysis risk and commercial risk: the first treatment of usury in Thomas Aquinas's Commentary on the Sentences (2020) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:eujhet:v:28:y:2021:i:4:p:599-634

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/REJH20

DOI: 10.1080/09672567.2020.1861046

Access Statistics for this article

The European Journal of the History of Economic Thought is currently edited by José Luís Cardoso

More articles in The European Journal of the History of Economic Thought from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst (chris.longhurst@tandf.co.uk).

 
Page updated 2024-07-04
Handle: RePEc:taf:eujhet:v:28:y:2021:i:4:p:599-634