Early Economic Thought in Spain, 1177-1740

In the sixteenth and early seventeenth centuries, clerics gave lectures at the University of Salamanca on such topics as the varying purchasing power of money, the morality of money, and how price is determined. While she was teaching at the London School of Economics, Marjorie Grice-Hutchinson was urged to investigate early records of these lectures. Her study of the manuscript notes of these then-obscure lectures led to her interest in the development of economic ideas in early Spain and their subsequent influence on the rest of Western Europe. The ideas of the Spanish scholastics influenced the work of Pufendorf, Locke, and Hutcheson, and the economic thinking of Condillac, Turgot, and Say. Grice-Hutchinson studied at the London School of Economics, where she received her Ph.D. on the monetary theory of the School of Salamanca under the supervision of F. A. Hayek.
Early Economic Thought in Spain, 1177-1740 (Indianapolis: Liberty Fund, 2015).
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The copyright to this edition, in both print and electronic forms, is held by Liberty Fund, Inc.
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- Author: Marjorie Grice-Hutchinson
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Table of Contents
- FOREWORD
- I: The Middle Ages
- 1: In Concealment of Usury
- INTRODUCTION
- USURY AMONG THE JEWS
- USURY IN ISLAM
- CHRISTIAN TEACHING
- USURY IN SPAIN
- OLD DEVICES IN A NEW WORLD
- 2: Greek Economics in Spain
- GREEK ECONOMIC THEORY
- AVERROES
- THE TRANSMISSION TO THE CHRISTIAN WEST
- II: The Age of Mercantilism
- 3: The School of Salamanca
- SOME EARLY SOURCES
- THE SCHOOL OF SALAMANCA
- THE SURVIVAL OF THE SCHOLASTIC DOCTRINE OF VALUE
- 4: The Political Economists
- THE YEARS OF OPTIMISM (1500–1560)
- DISILLUSION (1560–1600)
- RECESSION AND DECLINE (1600–1700)
- SIGNS OF RECOVERY (1700–1740)
- BIBLIOGRAPHY