Forerunner of the Theories of the Free Market Economy

Ivan Verbanov ()

Economic Studies journal, 2003, issue 2, 72-88

Abstract: The present paper is devoted to the economic ideas of the late Scholastics Spanish theologians of 15th and 16th century – especially Salamanca school. It has two tasks. First, to analyze reflections on economic ideas of Spanish Scholastics in the history of economics thought. It is clamed that the beginning of economics as a science should be referred to the late Mediaeval Scholastics. Second task is to explicate the significance of (philosophical, theological, ethical and economic views of) Salamanca School for modern economic personalism and Austrian school of economics. The common characteristic of these schools, notwithstanding of their historical, theoretical, methodological, and other differences, is that they are variants of the same idea - the idea of economic freedom.

JEL-codes: A12 B11 B41 (search for similar items in EconPapers)
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:bas:econst:y:2003:i:2:p:72-88

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