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
The nature of the virtue of _liberalitas_ may be more clearly
understood by an explanation of the vices which stand opposed to it.
The first of these treated by Aquinas is avarice, which he defines as
'superfluus amor habendi divitias.' Avarice might be committed in
two ways--by harbouring an undue desire of acquiring wealth, or by
an undue reluctance to part with it--'primo autem superabundant
in retinendo ... secundo ad avaritiam pertinet superabundare in
accipiendo.'[1] These definitions are amplified in another part of the
same section. 'For in every action that is directed to the attainment
of some end goodness consists in the observance of a certain measure.
The means to the end must be commensurate with the end, as medicine
with health. But exterior goods have the character of things needful
to an end. Hence human goodness in the matter of these goods must
consist in the observance of a certain measure, as is done by a man
seeking to have exterior riches in so far as they are necessary to his
life according to his rank and condition. And therefore sin consists
in exceeding this measure and trying to acquire or retain riches
beyond the due limit; and this is the proper nature of avarice,
which is defined to be an immoderate love of having.'[2] 'Avarice may
involve immoderation regarding exterior things in two ways; in one way
immediately as to the receiving or keeping of them when one acquires
or keeps beyond the due amount; and in this respect it is directly a
sin against one's neighbour, because in exterior things one man cannot
have superabundance without another being in want, since temporal
goods cannot be simultaneously possessed by many. The other way in
which avarice may involve immoderation is in interior affection....'
These words must not be taken to condemn the acquisition of large
fortunes by capitalists, which is very often necessary in order that
the natural resources of a country may be properly exploited. One
man's possession of great wealth is at the present day frequently the
means of opening up new sources of wealth and revenue to the entire
community. In other words, superabundance is a relative term. This,
like many other passages of St. Thomas, must be given a _contemporanea
expositio_. 'There were no capitalists in the thirteenth century, but
only hoarders.'[3]
[Footnote 1: II. ii. 118, 4.]
[Footnote 2: _Ibid._, ad. 1.]
[Footnote 3: Rickaby, _Aquinas Ethicus_, vol. ii. p. 234.]
It must also be remembered that what would be considered avarice in
a man in one station of life would not be considered such in a man in
another. So long as one did not attempt to acquire an amount of wealth
disproportionate to the needs of one's station of life, one could not
be considered avaricious. Thus a common soldier would be avaricious if
he strove to obtain a uniform of the quality worn by an officer, and
a simple cleric if he attempted to clothe himself in a style only
befitting a bishop.[1]
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