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The Economic Thought of Friar Tomás de Mercado: A Dominican Synthesis

Jay W. Richards

Abstract


Tomás de Mercado should be better known than he is. For Dominican scholars in particular, his book Deals of Contracts of Merchants and Traders—which I will refer to as the Manual—is an example of the Dominican charism at its best. This article will introduce Mercado, situate him historically, and then describe how his work exhibits what economists might call the “comparative advantage” of his Dominican calling.

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