EconPapers    
Economics at your fingertips  
 

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

Risque d'analyse et risque commercial: le premier traitement de l'usure dans le Commentaire des Sentences de Thomas d'Aquin

Pierre Januard ()
Additional contact information
Pierre Januard: PHARE - Philosophie, Histoire et Analyse des Représentations Économiques - UP1 - Université Paris 1 Panthéon-Sorbonne

Working Papers from HAL

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.

Keywords: risk; interest loan; usury; just price; mutuum; scholastic; Thomas Aquinas; Thomas Aquinas JEL classification: B11; risque; prêt à intérêt; usure; juste prix; scolastique; Thomas d'Aquin (search for similar items in EconPapers)
Date: 2020-06
New Economics Papers: this item is included in nep-his and nep-hpe
Note: View the original document on HAL open archive server: https://halshs.archives-ouvertes.fr/halshs-02876106v2
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://halshs.archives-ouvertes.fr/halshs-02876106v2/document (application/pdf)

Related works:
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:hal:wpaper:halshs-02876106

Access Statistics for this paper

More papers in Working Papers from HAL
Bibliographic data for series maintained by CCSD ().

 
Page updated 2021-01-25
Handle: RePEc:hal:wpaper:halshs-02876106