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Raymond de Roover’s Enduring Contribution to Economic History



For the same underlying reasons that moral theology is held in disrepute by many Western intellectuals, modern economists tend to glibly dismiss or just simply ignore the economic ideas of the scholastics. For many intellectuals nowadays, moral theology has come to signify a passé form of religious thinking that embraces irrationality and dogmatism, and economic historians—along with high profile figures in other disciplines—have all espoused this line of thought. Among the latter, in particular, the identification of scholastic economics with Aristotelian metaphysics and ecclesiastical authority has made modern economic professionals reticent or, at the very least, unreceptive to acknowledging any sophisticated analytical contribution to monetary and value theory by the Schoolmen or the Doctors—their sixteenth- and seventeenth-century heirs.

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