Studies in the History of Latin American Economic Thought

Popescu, Oreste

doi:10.4324/9780203441329

Cited by 17 publications

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“…Destaca en los autores examinados la utilización generalizada de los postulados maltusianos para referirse al mundo pre-industrial; incluso en la Escuela de California, la que -por la evidente influencia de Frank -puede considerarse como un intento de re-novación historiográfica de la teoría de la dependencia. No obstante, el enfoque de esta teoría era más cercano al marxismo que al pensamiento neoclásico (CEPAL, 1998;Popescu, 2003). La Escuela de California constituye, de cierta forma, una renovación neoclásica de la teoría de la dependencia.…”

Section: Consideraciones Finalesunclassified

En torno a los orígenes de la Gran Divergencia: debates recientes en historia económica (2000-2018)

Brito

2021

CUHSO

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El objetivo principal de este artículo es analizar el debate reciente en torno a los orígenes históricos de la denominada Gran Divergencia. Se examinan cuatro posturas. Primero, la idea de trampa maltusiana desarrollada por Gregory Clark. Segundo, el punto de vista de la Escuela de California de Historia Económica, liderada por Kenneth Pomeranz. Tercero, la hipótesis de la economía de altos salarios de Robert C. Allen. Cuarto, el concepto de revolución industriosa propuesto por Jan de Vries. El artículo concluye describiendo las tendencias recientes de la historiografía económica: la renovación de las ideas maltusianas, las críticas a la historia social de fines del siglo XX y el énfasis en la historia de Asia

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Section: Consideraciones Finalesunclassified

En torno a los orígenes de la Gran Divergencia: debates recientes en historia económica (2000-2018)

Brito

2021

CUHSO

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“…Other terms used for the School of Salamanca in the history of economic thought have been Hispanic Scholasticism (Chafuen 2003), Indian Scholasticism [10] (Popescu 1997) because of the American developments about the quantity theory in the surroundings of the Audiencia de Charcas in which were the silver mines of Potosí, and Late Spanish Scholastics (Rothbard 1995). Presently, the recognition of the contribution of the Spanish Scholastics to economic thought is reflected in several textbooks [11].…”

Section: Introduction: Francisco De Vitoria and The School Of Salamancamentioning

confidence: 99%

Justice and just price in Francisco de Vitoria's Commentary on Summa Theologica II-II q77

Bueno

2021

Journal of Philosophical Economics

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Following Thomas Aquinas, Francisco de Vitoria's analysis of justice in exchanges takes place by commenting on the corresponding questions of the Summa Theologica. The identification of the just price with that of common estimation occurs under a sufficient concurrence of sellers and buyers. A high level of concurrence limits the ability to take advantage of the need on the other side of the market. This fact guaranties a full consent of the parties involved in trading. Under conditions of market power or when some authority fixes a legal price, just price should also be taken as a normative ideal.

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“…Indeed, one could argue that the Quantity Theory originated much earlier than that, for Azpilcueta took it as a matter of course, as something that had been dealt with by a number of other authors of late Spanish Scholasticism(Schefold, 1998) Popescu (1997). traces it back to the time of the first voyage of Columbus to America in 1492.3 The alternative explanation of the Price Revolution based on demographic patterns (see for instanceArestis & Howells, 2001 -02) faces the problem that it may explain the rise of the relative price of foodstuffs (which indeed was observed in the period, asBrenner, 1962, shows) but certainly not a generalized rise of the price of primary and industrial goods in terms of bullion (that is, the average price of commodities in terms of the standard).…”

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Money, Prices and the Silver Industry during the Price Revolution

Feldman

2014

Review of Political Economy

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The discovery of American silver has been commonly viewed in the literature as the moving force behind the sustained rise of prices experienced by Western Europe from the early 16th to the mid-17th century. However, the mechanical connection between the money supply and the general price level implied by the Quantity Theory oversimplifies the analysis of a period characterized by different trends, some of which cannot be easily explained by the monetarist story: (i) Central Europe silver mining boomed between 1451 and 1540 following a phase of scarcity of money that was especially severe between the end of the 14th century and the beginning of the 15th century; (ii) European prices started to rise before American silver was significantly imported to the Continent; (iii) the rapid expansion of American mining coincided with the decline of the European silver industry (1540 -1618); and finally (iv) Mexican and Peruvian bullion production evidenced a downward course during the period 1628-1697, but no alteration in the rising trend of European prices occurred in response. It is argued instead that the classical theory of value and distribution, emphasizing costs of production as determinants of the 'natural' value of commodities including precious metals, can accommodate the facts in a more consistent manner than the monetarist view.Like every other commodity, the value of the metals is subject to variation. Improvements may be made in the implements and machinery used in mining, which may considerably abridge labour; new and more productive mines may be discovered, in which, with the same labour, more metal may be obtained; or the facilities of bringing it to market may be increased. In either of these cases the metals would fall in value, and would therefore exchange for a less quantity of other things. On the other hand, from the increasing difficulty of obtaining the metal, occasioned by the greater depth at which the mine must be worked, and the accumulation of water, or any other contingency, its value compared with that of other things might be considerably increased (Ricardo, 1821, p. 86).

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Studies in the History of Latin American Economic Thought

Cited by 17 publications

References 0 publications

En torno a los orígenes de la Gran Divergencia: debates recientes en historia económica (2000-2018)

En torno a los orígenes de la Gran Divergencia: debates recientes en historia económica (2000-2018)

Justice and just price in Francisco de Vitoria's Commentary on Summa Theologica II-II q77

Money, Prices and the Silver Industry during the Price Revolution

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