Search results
Results from the WOW.Com Content Network
St Thomas Aquinas taught that raising prices in response to high demand was a type of theft. The just price is a theory of ethics in economics that attempts to set standards of fairness in transactions. With intellectual roots in ancient Greek philosophy, it was advanced by Thomas Aquinas based on an argument against usury, which in his time ...
Thomas Aquinas addressed most economic questions within the framework of justice, which he contended was the highest of the moral virtues. [195] He says that justice is "a habit whereby man renders to each his due by a constant and perpetual will." [196] He argued that this concept of justice has its roots in natural law.
Equity, or economic equality, is the construct, concept or idea of fairness in economics and justice in the distribution of wealth, resources, and taxation within a society. . Equity is closely tied to taxation policies, welfare economics, and the discussions of public finance, influencing how resources are allocated among different segments of the populati
The Summa Theologiae or Summa Theologica (transl. 'Summary of Theology'), often referred to simply as the Summa, is the best-known work of Thomas Aquinas (1225–1274), a scholastic theologian and Doctor of the Church. It is a compendium of all of the main theological teachings of the Catholic Church, intended to be an instructional guide for ...
By the end of the fourth article Aquinas comes up with his definition on law, “Law is an ordination of reason for the common good by one who has care for the community, and promulgated.” Question 91 is on the different kinds of law. Aquinas establishes four types of laws: eternal law, natural law, human law, and divine law.
Thomism is the philosophical and theological school which arose as a legacy of the work and thought of Thomas Aquinas (1225–1274), the Dominican philosopher, theologian, and Doctor of the Church. In philosophy, Thomas's disputed questions and commentaries on Aristotle are perhaps his best-known works. In theology, his Summa Theologica is ...
The concept of final causes involves the concept of dispositions or "ends": a specific goal or aim towards which something strives. For example, acorns regularly develop into oak trees but never into sea lions. The oak tree is the "end" towards which the acorn "points," its disposition, even if it fails to achieve maturity.
e. Meritocracy (merit, from Latin mereō, and -cracy, from Ancient Greek κράτος kratos 'strength, power') is the notion of a political system in which economic goods or political power are vested in individual people based on ability and talent, rather than wealth or social class. [1] Advancement in such a system is based on performance ...