An Essay on Mediæval Economic Teaching — John Shaqi
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
One error in particular we must be on our guard to avoid. We said
above that both the socialists and the Christian economists are agreed
in their desire to reintroduce justice into economic life. We must not
conclude, however, that the aims of these two schools are identical.
One very frequently meets with the statement that the teachings of
socialism are nothing more or less than the teachings of Christianity.
This contention is discussed in the following pages, where the
conclusion will be reached that, far from being in agreement,
socialism and Christian economics contradict each other on many
fundamental points. It is, however, not the aim of the discussion to
appraise the relative merits of either system, or to applaud one and
disparage the other. All that it is sought to do is to distinguish
between them; and to demonstrate that, whatever be the merits or
demerits of the two philosophies, they are two, and not one.
SECTION 4.--DIVISION OF THE SUBJECT
The opinion is general that the distinctive doctrine of the mediæval
Church which permeated the whole of its economic thought was the
doctrine of usury. The holders of this view may lay claim to very
influential supporters among the students of the subject. Ashley says
that 'the prohibition of usury was clearly the centre of the canonist
doctrine.'[1] Roscher expresses the same opinion in practically the
same words;[2] and Endemann sees the whole economic development of the
Middle Ages and the Renaissance as the victorious destruction of the
usury law by the exigencies of real life.[3] However impressed we
may be by the opinions of such eminent authorities, we, nevertheless,
cannot help feeling that on this point they are under a misconception.
There is no doubt that the doctrine of the canonists which impresses
the modern mind most deeply is the usury prohibition, partly because
it is not generally realised that the usury doctrine would not have
forbidden the receipt of any of the commonest kinds of unearned
revenue of the present day, and partly because the discussion of usury
occupies such a very large part of the writings of the canonists. It
may be quite true to say that the doctrine of usury was that which
gave the greatest trouble to the mediæval writers, on account of the
nicety of the distinctions with which it abounded, and on account of
the ingenuity of avaricious merchants, who continually sought to
evade the usury laws by disguising illegal under the guise of
legal transactions. In practice, therefore, the usury doctrine was
undoubtedly the most prominent part of the canonist teaching, because
it was the part which most tempted evasion; but to admit that is not
to agree with the proposition that it was the centre of the canonist
doctrine.
[Footnote: 1 _Op. cit._, vol. i. pt. ii. p. 399.]
[Footnote: 2 'Bekanntlich war das Wucherverbot der praktische
Mittelpunkt der ganzen kanonischen Wirthschaftspolitik,' _Op. cit._,
p. 8.]
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account