Quota Justice in Exchange: The Economic Philosophy of John Duns Scotus

Robert I. Mochrie

No E01, Working Papers from Department of Economics, School of Management and Languages, Heriot Watt University

Abstract: Review of the contributions to Scholastic economic philosophy made by Duns Scotus in the Opus Oxoniense, showing that Scotus makes considerable advances in the understanding of exchange, the legitimisation of trade, and the development of the Church’s traditional teaching on usury. I then apply the principles developed by Scotus concerning the nature of justice to explore modern controversies in theology over the nature of debt, equality and economic growth. I argue that it is possible to identify a route through which a Scotist economics might be developed, suggesting that this would place a greater value on normative analysis than is the case in neo-classical economics, and assist communication between economists and theologians.

Keywords: Duns Scotus; justice; usury; economic theology (search for similar items in EconPapers)
JEL-codes: A12 B11 B31 (search for similar items in EconPapers)
Date: 2005
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