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thus at last the age of commerce arises

Gavin Kennedy

Chapter 8 in Adam Smith, 2008, pp 131-147 from Palgrave Macmillan

Abstract: Abstract As the after-affects of the fall of Rome faded, feudal property laws weakened and commerce revived tentatively. The moral problems of new forms of wealth creation were complicated by trying to fit them into existing Christian doctrine, long hostile to money as a symbol of sin (‘eyes of needles’, ‘lilies of the fields’, ‘love of money as the root of all evil’ and such like).1 Alleged acquisitiveness and suspicions of profit did not sit easy with piety, on the grounds that profit was believed to have sprung from ‘buying cheap’ and ‘selling dear’, and therefore of questionable moral status.2

Keywords: Political Economy; Wage Rate; Moral Philosopher; Price Determination; Wealth Creation (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:pal:gtechp:978-0-230-22754-5_9

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DOI: 10.1057/9780230227545_9

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