An Essay on Mediæval Economic TeachingO'Brien, George
History
An Essay on Mediæval Economic Teaching
O'Brien, George
Economics -- History -- To 1800; Property -- History -- To 1500
Far more important than its teaching either on production or
consumption was the teaching of the mediæval Church on distribution,
which it insisted must be regulated on a basis of strict justice.
It is in this department of economic study that the teaching of the
mediævals appears in most marked contrast to the teaching of the
present day, and it is therefore in this department that the study of
its doctrines is most valuable. As we said above, the modern world has
become convinced by bitter experience of the impracticability of mere
selfishness as the governing factor in distribution; and the economic
thought of the time is concentrated upon devising some new system
of society which shall be ruled by justice. On the one hand, we see
socialists of various schools attempting to construct a Utopia
in which each man shall be rewarded, not in accordance with his
opportunities of growing rich at the expense of his fellow-man, but
according to the services he performs; while, on the other hand,
we find the Christian economists striving to induce a harassed and
bewildered world to revert to an older and nobler social ethic.
It is no part of our present purpose to estimate the relative merits
of these two solutions for our admittedly diseased society. Nor is it
our purpose to attempt to demonstrate how far the system of economic
teaching which we have sketched in the foregoing pages is applicable
at the present day. We must, however, in this connection draw
attention to one important consideration, namely, that the mediæval
economic teaching was expressly designed to influence the only
constant element in human society at every stage of economic
development. Methods of production may improve, hand may give place to
machine industry, and mechanical inventions may revolutionise all our
conceptions of transport and communication; but there is one element
in economic activity that remains a fixed and immutable factor
throughout the ages, and that element is man. The desires and the
conscience of man remain the same, whatever the mechanical environment
with which he is encompassed. One reason which suggests the view that
the mediæval teaching is still perfectly applicable to economic life
is that it was designed to operate upon the only factor of economic
activity that has not changed since the Middle Ages--namely, the
desires and conscience of man.
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