Thomas Aquinas on production and financing

Pierre Januard ()
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Pierre Januard: PUST - Pontifical University of Saint Thomas Aquinas Angelicum, PHARE - Philosophie, Histoire et Analyse des Représentations Économiques - UP1 - Université Paris 1 Panthéon-Sorbonne

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Abstract: Thomas Aquinas's economic thought is articulated around the notion of exchange. Production, and its financing, therefore seems to take second place, especially since in none of his writings does he deal with it in a direct and systematic way. However, a synoptic reading of Aquinas's economic texts allows us to identify a broad and innovative vision of production, on which it aims to make supply possible and, since it is ordered to exchange, is first of all a production of services, even before it is a production of goods. His financial approach is primarily ex post, through the revenue generated by sales. Ex ante financing is also provided for, although the prohibition on borrowing for production limits its scope.

Keywords: Thomas Aquinas; Production; labour; costs; merchants; loans; goods; services (search for similar items in EconPapers)
Date: 2025
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Published in European Journal of the History of Economic Thought, In press, 33 (3)

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-05116052

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