Chapter 9: Economic Ideas (Part 1: The Oldies)
The Industrial Revolutions
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From Scholasticism to Mercantilism: The Evolution of Economic Thought
This chapter examines the historical development of economic ideas, tracing the opposition to usury from medieval scholars like St. Thomas Aquinas to the rise of mercantilism influenced by global trade. It highlights the contrasts between scholastic views and mercantilist principles, emphasizing the shift towards self-interest and trade monopolies.
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