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Three Specific Topics: Usury, Prices And Money Exchange

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Chapter Summary

Economics was in the sixteenth century part of moral theology: it did not exist as an independent discipline. This chapter deals with three specific topics addressed by Luis de Molina in De Iustita et Iure: usury, just price and money exchange. The three of them give us a clear picture of the main moral issues in the economic ethics of the age. The problem of the just price arose prior to scholastic theology. The chapter shows that for Molina, the market was to be taken into account in arriving at a just price, but his idea of the just price was richer than the idea of the market price of classic economics. Molina synthesized the best argumentation up to his time; his full and thorough treatment of money exchange gives us a summary of the thought and doctrine of the sixteenth-century moralist and jurists.

Keywords: De Iustita et Iure; just price; Luis de Molina; money exchange; usury



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