Economic Effects Of The Philosophical Concept Of Community

Introductory textbooks in the History of Economic Thought use at colleges and universities devote little space to Scholasticism its influence. Even those that do not start straight with Physiocrats, Thomas Aquinas appears stuck between Ancient Greek Philosophers Mun. “medieval” economic thought characterized as primitive focused on “obsolete” issues like usury just price. Sometimes it is even categorized among schools promote State intervention1. This was opinion F.A. Hayek, who appreciated some Scholastic authors part individualistic tradition Western civilization rooted legacy Greeks Romans Pericles, Thucydides, Cicero Tacitus2. In his famous Road Serfdom (1944) Hayek assumed Civilization had abandoned right road by last quarter XIX Century. The refers grounded Greek, Roman Medieval later paved ideas Cobden, Bright, De Tocqueville, Lord Acton, Adam Smith, Hume, Locke or Milton3. Hilaire Belloc4 located abandonment liberal around same historical time. He would have agreed most names Hayek´s list, especially Cobden but added radicals Fox Cobbett. Regarding more far away sources thought, he included Aristotle, Spanish Jesuit Francisco Suárez.Some mentioned above represent different traditions political philosophy. These could be referred “old” “new”, following Leo Strauss idea Machiavelli turning point. essay approaches influence philosophy changes Belloc examining differences old new concept community.