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Economic Liberalism in the school of Salamanca and its influence institutional and organizational development

Author

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  • José G. Vargas-Hernández

    (Ph. D. in Economics, Keele University. Departamento de Administración Centro Universitario de Ciencias Económico Administrativas. Universidad de Guadalajara. México. Teléfono: +523337703340 ext. 25685.)

  • Víctor Manuel Castillo Girón

    (Doctorado por l’École Nationale Supérieure d’Agriculture en Montpellier, Francia. Departamento de Ciencias Económicas y Administrativas. Universidad de Guadalajara. México.)

Abstract

The aim of this study is to analyze the infl uence that economic liberalism in the school of Salamanca has on the development of the institutions and organizations of its period. It is concluded that all of this orientation from the moral theologians at the School of Salamanca who are economists dealing with economic ma# ers, had the fi nality of reaching an institutional and organizational development that kept up with the demands of the time; contrary to the economic liberalism with orientation towards corporative capitalism that glorifi es rational election or instrumental rationality as the main principal towards the goal of maximum benefi t, promoting growth and economic development of the individuals within the organizations.

Suggested Citation

  • José G. Vargas-Hernández & Víctor Manuel Castillo Girón, 2017. "Economic Liberalism in the school of Salamanca and its influence institutional and organizational development," Economía, Instituto de Investigaciones Económicas y Sociales (IIES). Facultad de Ciencias Económicas y Sociales. Universidad de Los Andes. Mérida, Venezuela, vol. 42(43), pages 51-84, January-J.
    • Handle: RePEc:ula:econom:v:42:y:2017:i:43:p:51-84
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    References listed on IDEAS

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    1. Jimena Hurtado Prieto, 2003. "La Teoría del Valor de Adam Smith: La Cuestión de los precios naturales y sus interpretaciones," Revista Cuadernos de Economia, Universidad Nacional de Colombia, FCE, CID, June.
    2. De Vroey, Michel, 2009. "El liberalismo económico y la crisis," Revista Lecturas de Economía, Universidad de Antioquia, CIE, July.
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    More about this item

    Keywords

    School of Salamanca; Economic Liberalism; Rationality; Organizational Stability.;
    All these keywords.

    JEL classification:

    • B13 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Neoclassical through 1925 (Austrian, Marshallian, Walrasian, Wicksellian)
    • B15 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Historical; Institutional; Evolutionary
    • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School
    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;

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