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
Endemann, having thoroughly studied all the fifteenth-century writers
on the subject, says that commerce might be rendered unjustifiable
either by subjective or objective reasons. Subjective illegality would
arise from the person trading--for instance, the clergy--or the motive
with which trade was undertaken; objective illegality on account of
the object traded in, such as weapons in war-time, or the bodies
of free men.[1] Speculative trading, and what we to-day call
profiteering, were forbidden in all circumstances.[2]
[Footnote 1: _Studien_, vol. ii. p. 18.]
[Footnote 2: _The Ayenbite of Inwit_, a thirteenth-century confessor's
manual, lays it down that speculation is a kind of usury. (Rambaud,
_Histoire_, p. 56.)]
We need not dwell upon the prohibition of trading by the clergy,
because it was simply a rule of discipline which has not any bearing
upon general economic teaching, except in so far as it shows that
commerce was considered an occupation dangerous to virtue. Aquinas
puts it as follows: 'Clerics should abstain not only from things that
are evil in themselves, but even from those that have an appearance of
evil. This happens in trading, both because it is directed to worldly
gain, which clerics should despise, and because trading is open to so
many vices, since "a merchant is hardly free from sins of the lips."
[1] There is also another reason, because trading engages the mind too
much with worldly cares, and consequently withdraws it from spiritual
cares; wherefore the Apostle says:[2] "No man being a soldier to God
entangleth himself with secular business." Nevertheless it is lawful
for clerics to engage in the first-mentioned kind of exchange, which
is directed to supply the necessaries of life, either by buying or by
selling.'[3] The rule of St. Benedict contains a strong admonition to
those who may be entrusted with the sale of any of the products of the
monastery, to avoid all fraud and avarice.[4]
[Footnote 1: Eccles. xxvi. 28.]
[Footnote 2: 2 Tim. ii. 4.]
[Footnote 3: _Summa_, II. ii. 77, 4, ad. 3.]
[Footnote 4: _Beg. St. Ben._, 57.]
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.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account