Aristotle and Aquinas on the Virtue of Money as a Preservative of Justice in Business Affairs and States

Aristotle and Aquinas on the Virtue of Money as a Preservative of Justice in Business Affairs and States

While Aristotle’s and St. Thomas’s teachings about economics are often ridiculed today, this article argues that actually what they had to say about this issue, especially about the nature of sound currency, backed up by force of law, is quite profound. According to both of them, sound money plays a...

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Bibliographic Details
Main Author: Peter A. Redpath
Format: Article
Language:English
Published: International Étienne Gilson Society 2019-12-01
Series:Studia Gilsoniana
Subjects:
money
communication
commutative
contribution
convention
currency
demand
equality
exchange
hierarchy
human
inequality
just
justice
law
life
measure
natural
nomos
numerical
preservation
proportionate
proportionality
use
value
virtue
Online Access:http://cejsh.icm.edu.pl/cejsh/element/bwmeta1.element.desklight-69323231-2d59-4cb0-8278-289932a7f355?q=bwmeta1.element.cejsh-d0411c3a-1a18-405e-a235-6d0464a6f99d;5&qt=CHILDREN-STATELESS
Description
Summary:While Aristotle’s and St. Thomas’s teachings about economics are often ridiculed today, this article argues that actually what they had to say about this issue, especially about the nature of sound currency, backed up by force of law, is quite profound. According to both of them, sound money plays an essential role in the preserving commutative justice within States. By so doing, it preserves communication between talented people who make qualitatively unequal contributions to a State’s continued existence and welfare.
ISSN:2300-0066
2577-0314

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