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By Joel Kaye

ISBN-10: 1107028450

ISBN-13: 9781107028456

The right of stability and its organization with what's ordered, simply, and healthy remained unchanged during the medieval interval. The critical position dispensed to stability within the workings of nature and society additionally remained unchanged. What replaced in the tradition of scholasticism, among nearly 1280 and 1360, was once the emergence of a vastly elevated feel of what stability is and will be. during this groundbreaking heritage of stability, Joel Kaye finds that this new feel of stability and its prospects grew to become the foundation of a brand new version of equilibrium, formed and shared via the main acute and cutting edge thinkers of the interval. via a spotlight on 4 disciplines - scholastic financial concept, political idea, scientific idea, and ordinary philosophy - Kaye's ebook finds that this new version of equilibrium spread out notable new vistas of creative and speculative hazard, making attainable a profound re-thinking of the area and its workings.

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Additional resources for A History of Balance, 1250-1375: The Emergence of a New Model of Equilibrium and its Impact on Thought

Sample text

Here as elsewhere, the model of equality and equalization that Gratian’s text assumes tells us a great deal about how he views the details of economic life. In each of the canons cited, money is identified as a numerable physical coin of specified and unchanging weight and value. This identification is underscored through the linking of the coin to fixed and quantifiable measures of wheat, wine, and oil. , c. 2: “Quod prouidens diuina scriptura omnis rei superhabundantiam aufert, ut plus non recipias quam dedisti.

XV (Paris: Letouzey et Ane, 1950), cols. 2333–7 at 2333. See also the “Introduction” to the treatise on usury by Alexander Lombard, Un traité de morale économique au XIVe siècle: le “Tractatus de usuris” de maître Alexandre d’Alexandrie, ed. A. M. ” 24 A History of Balance, 1250–1375 Aequalitas as defined in Gratian’s question on usury in the Decretum I begin my study of usury with the question Gratian devoted to the subject in his Decretum (c. 1145), the first time in the history of canon law that a question had been dedicated exclusively to this subject.

McLaughlin, “Teaching of the Canonists,” 145; Noonan, Usury, 118; Barry Gordon, Economic Analysis before Adam Smith (New York: Barnes and Noble, 1975), 149–53. Hostiensis, Summa aurea (Venice 1574; reprint Turin: Bottega d’Erasmo, 1963), book V, De usuris, col. ” Aequalitas in the discourse on usury 33 credit exchanges were, in economic terms, often unequal, with the borrower gaining and the merchant lender losing, lay behind the rising acceptance of interesse as a legitimate monetary indemnification in loan contracts.

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A History of Balance, 1250-1375: The Emergence of a New Model of Equilibrium and its Impact on Thought by Joel Kaye


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