By Christopher A. Franks
This publication makes a provocative case for taking Aquinas's ideas on economics extra heavily and illustrates how the very industry stipulations of the trendy global cloud any try and totally comprehend Aquinas. Franks deals a powerful argument that wondering market-formed assumptions can truly aid us get better the evangelical personality of Aquinas's ethics.
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Extra resources for He Became Poor: The Poverty of Christ and Aquinas's Economic Teachings (Eerdmans Ekklesia)
Example text
If we do not recognize these differences, do not recognize the peculiar blind spots induced by modern market society, it will be easy for us to misread Thomas's economic answers as addressing our economic questions. In this chapter I argue that Thomas's economic answers challenge the assumptions behind our economic questions on issues of justice in ex- change. The same fault lines between typically modern assumptions and Aristotelian ones that I traced in the previous chapter are crucial for understanding Thomas's teachings on usury and just price.
3. 94. Barry Gordon. Economic Analysis before Adam Smith: Hesiod to Lessius (New York: Barnes and Noble. 1975), p. 53. 95· As quoted in Odd Langholm. Economics in the Medieval Schools: Wealth. Ex· change, Value, Money and Usury according to the Paris Theological Tradition, 1200N1350 (Leiden: Brill, 1992), p. 215. 62 _ Aristotelian Deference and Nonmarket Society ics ... :'" Despite how far Langholm has to reach to grasp it, there is some plausibility to this interpretation. The argument implies that people will be lazy unless, realizing that they will reap their own fruit, they see how their sloth harms their own interests.
But finding in Thomas an appreciation of the competitive equilibrium of conflicting subjectivities distorts his thought. Specifically, it ignores the degree to which Thomas assumed that the common estimations associated with pricing would be shaped by the receptivity to an antecedent natural and social order he shares with Aristotle. Rather than assuming competition and conflict among proprietary individuals, that receptivity defers to the wider purposes carried by nature's provision and thus bends human economic activity in the direction of use values.