How Just Is the Market Price? A Study of the Just Price in the Writings of St. Thomas Aquinas and Bl. John Duns Scotus

2016 ◽  
Author(s):  
Nora Marija Laurinaityte
Traditio ◽  
2020 ◽  
Vol 75 ◽  
pp. 289-310
Author(s):  
ERNESTO DEZZA

The present article presents the theory of the Franciscan master John Duns Scotus (1265/66–1308) on the so-called “state of innocence,” namely the condition in which human beings lived before the first sin. The state of innocence is characterized by the gift of original justice, guaranteeing harmony between the soul's powers and immortality. Derived from traditional Christian anthropology, Scotus's description offers a chance for dialogue with the masters of the second half of the thirteenth century, among them Henry of Ghent, Thomas Aquinas, and Bonaventure. Because of the theological orientation of Scotus's explanation, human beings as outlined by him are simultaneously naturally good and in need of divine gifts to reach their very end. Through a new interpretation of modality, Scotus's position is better able to express certain conditions related to power/possibility within the state of innocence.


Author(s):  
Matthew Levering

The chapter explores the topic of Mary and grace in light of its biblical background, especially the Gospel of Luke and the letters of Paul. On the topic of Mary’s grace and her sanctification, I examine the perspectives of four notable Fathers of the Church: Irenaeus, Origen, Augustine, and John of Damascus. Treating the Western development of doctrine on this topic, I very briefly describe the positions of Thomas Aquinas and John Duns Scotus, as well as the reflections of Matthias Scheeben and John Henry Newman after the 1854 promulgation of the dogma of Mary’s Immaculate Conception.


2012 ◽  
Vol 22 (3) ◽  
pp. 501-526 ◽  
Author(s):  
Daryl Koehn ◽  
Barry Wilbratte

ABSTRACT:Since St. Thomas Aquinas was one of the first scholastics to analyze the idea of a “just price,” economists, economic historians and philosophers interested in the philosophical underpinnings of the market have focused on Aquinas’s writings. One group insists that Aquinas defined the just price as the payment needed to cover sellers’ labor and material costs. A second camp vehemently counters that Aquinas’s just price is simply the going market price. We argue that neither of these views is correct. The Thomistic just price is the price that would be agreed to by a just person as part of an exchange. This “just person price” takes into account the well-being of the individual transactors and the good of the entire community. Such a price reduces neither to the cost-covering price nor to the market exchange price. A Thomistic concept of the just person price deserves to be reconsidered, especially because a Thomistic approach offers some useful ways to deal with issues quite differently from the popular neoclassical approach directed toward arriving at a socially optimal market price.


Vivarium ◽  
2008 ◽  
Vol 46 (3) ◽  
pp. 253-274 ◽  
Author(s):  
Peter King

AbstractMediaeval psychological theory was a “faculty psychology”: a confederation of semiautonomous sub-personal agents, the interaction of which constitutes our psychological experience. One such faculty was intellective appetite, that is, the will. On what grounds was the will taken to be a distinct faculty? After a brief survey of Aristotle's criteria for identifying and distinguishing mental faculties, I look in some detail at the mainstream mediaeval view, given clear expression by Thomas Aquinas, and then at the dissenting views of John Duns Scotus and William of Ockham. I conclude with some reflections on why the mainstream mediaeval view was discarded by Descartes.


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