Justice in the Marketplace in Early Modern Spain

Justice in the Marketplace in Early Modern Spain : Saravia, Villalon and the Religious Origins of Economic Analysis

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Justice in the Marketplace in Early Modern Spain examines the religious views and motivations of the late scholastic authors Cristobal de Villalon and Luis Saravia de la Calle . Michael Thomas D'Emic explains their technical and moral analysis of contemporary financial markets in the context of these motivations and provides critical commentary on their conclusions in the light of modern economic and financial theory.
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Product details

  • Hardback | 308 pages
  • 152.4 x 231.14 x 25.4mm | 566.99g
  • Lanham, MD, United States
  • English
  • 0739181289
  • 9780739181287

Table of contents

Bibliographical review
Thesis Statement: addressing the central questions
Chapter 1: Historical Background
Social and economic context
Intellectual context
A note on genre
Chapter 2: The Provechoso tratado of Cristobal de Villalon
Usury: ganar dineros con el dinero y con el tiempo
Cambios y contractaciones: the PT as historical record
The Just Price
La honra: conclusion and final lesson of the PT
Concluding remarks: Villalon as a man of the left
Chapter 3: The Instrucion de mercaderes of Saravia de la Calle
The Prologue
The Instrucion: early modern financial economics
Chapter 4: The Tractado de los cambios of Saravia de la Calle
The justifiable cambios and concealed usury
Honra in the Tratado de los cambios
Chapter 5: Conclusion
Later development
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Review quote

Michael D'Emic's in depth and timely analysis of the contributions of the Spanish scholastics on the economics and ethics of banking and financial activities is extremely relevant for today's problems. If some of these scholastic contributions were not forgotten, many of the financial crises and economic recessions that have affected the world could have been avoided. -- Jesus Huerta de Soto, King Juan Carlos University of Madrid The commercial and financial revolution in Spain in the sixteenth century gave birth to an economically sophisticated literature in moral theology focusing on those developments. In his Justice in the Marketplace in Early Modern Spain: Saravia, Villalon and the Religious Origins of Economic Analysis, Michael Thomas D'Emic examines the work of two of those authors and does a truly excellent job of it. -- James Lothian, Fordham University
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About Michael Thomas D'emic

Michael Thomas D'Emic is a senior advisor with Worldwide Capital Advisory Partners, LLC, and is an adjunct professor of technology management and innovation at the New York University Polytechnic School of Engineering.
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