Hispanic-American Scholasticism: counter side of Mercantilism

Leandro Haberfeld ()
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Leandro Haberfeld: Universidad de Buenos Aires. Facultad de Ciencias Económicas. Departamento de Economía. Buenos Aires, Argentina.

Revista de Economía Política de Buenos Aires, 2021, issue 22, 119-142

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.

Keywords: History of Economic Thought; Hispanic American Scholasticism; just price; market; Marginalism (search for similar items in EconPapers)
JEL-codes: B1 (search for similar items in EconPapers)
Date: 2021
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