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Quota Justice in Exchange: The Economic Philosophy of John Duns Scotus

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  • Robert I. Mochrie
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    Abstract

    Review of the contributions to Scholastic economic philosophy made by Duns Scotus in the Opus Oxoniense, showing that Scotus makes considerable advances in the understanding of exchange, the legitimisation of trade, and the development of the Church’s traditional teaching on usury. I then apply the principles developed by Scotus concerning the nature of justice to explore modern controversies in theology over the nature of debt, equality and economic growth. I argue that it is possible to identify a route through which a Scotist economics might be developed, suggesting that this would place a greater value on normative analysis than is the case in neo-classical economics, and assist communication between economists and theologians.

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    File URL: http://www.sml.hw.ac.uk/documents/dp2005-e01.pdf
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    Bibliographic Info

    Paper provided by Department of Economics, School of Management and Languages, Heriot Watt University in its series Working Papers with number E01.

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    Date of creation: 2005
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    Handle: RePEc:hwe:hwecwp:2005-e01

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    Keywords: Duns Scotus; justice; usury; economic theology;

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