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
All forms of labour being therefore admitted to be honourable and
necessary, there was no difficulty felt about justifying their reward.
It was always common ground that services of all kinds were entitled
to be properly remunerated, and questions of difficulty only arose
when a claim was made for payment in a transaction where the element
of service was not apparent.[1] The different occupations in which men
were engaged were therefore ranked in a well-recognised hierarchy
of dignity according to the estimate to which they were held to
be entitled. The Aristotelean division of industry into _artes
possessivae_ and _artes pecuniativae_ was generally followed, the
former being ranked higher than the latter. 'The industries called
_possessivae_, which are immediately useful to the individual, to the
family, and to society, producing natural wealth, are also the most
natural as well as the most estimable. But all the others should not
be despised. The natural arts are the true economic arts, but the arts
which produce artificial riches are also estimable in so far as they
serve the true national economy; the commutation of the exchanges and
the _cambium_ being necessary to the general good, are good in so far
as they are subordinate to the end of true economy. One may say the
same thing about commerce. In order, then, to estimate the value of an
industrial art, one must examine its relation to the general good.'[2]
Even the _artes possessivae_ were not all considered equally worthy of
praise, but were ranked in a curious order of professional hierarchy.
Agriculture was considered the highest, next manufacture, and lastly
commerce. Roscher says that, whereas all the scholastics were agreed
on the excellence of agriculture as an occupation, the best they could
say of manufacture was _Deo non displicet_, whereas of commerce they
said _Deo placere non potest_; and draws attention to the interesting
consequence of this, namely, that the various classes of goods that
took part in the different occupations were also ranked in a certain
order of sacredness. Immovables were thought more worthy of protection
against execution and distress than movables, and movables than
money.[3] Aquinas advises the rulers of States to encourage the _artes
possessivae_, especially agriculture.[4] The fullest analysis of the
order in which the different _artes possessivae_ should be ranked is
to be found in Buridan's _Commentaries on Aristotle's Politics_. He
places first agriculture, which comprises cattle-breeding, tillage,
and hunting; secondly, manufacture, which helps to supply man's
corporal needs, such as building and architecture; thirdly,
administrative occupations; and lastly, commerce. The Christian
Exhortation, quoted by Janssen,[5] says, 'The farmer must in all
things be protected and encouraged, for all depend on his labour,
from the monarch to the humblest of mankind, and his handiwork is in
particular honourable and well pleasing to God.'
Public-domain text, read in full here on John Shaqi.
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