HoP 453 - The Price is Right - Law and Economics in the Second Scholastic
Sep 29, 2024
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Vitoria, a pioneer of natural law, Molina, a significant contributor to its discourse, and Suárez, an influential philosopher, delve into the evolution of natural law's relevance today. They explore the tension between personal morality and legal obligations through modern dilemmas. The conversation spans the impact of economic policies on morality, the complexities of pricing in transactions, and the interplay between human and natural law. These Scholastic thinkers tackle ethics surrounding international law and historical injustices, revealing the enduring significance of their ideas.
The distinction between natural law and human law highlights how moral standards exist independently of governmental authority and legislation.
Scholastic thinkers emphasize that the ethics of economic exchange, such as the concept of the just price, is influenced by social perceptions and market dynamics.
Deep dives
The Moral Implications of Law and Authority
A discussion centers on the idea that a legitimate authority can influence the morality of actions through its laws. Philosophers from the second Scholastic period argued that what might be considered morally acceptable could become morally wrong simply by being outlawed. However, there are limits to this power; no government can legitimize intrinsically unjust actions, such as murder. This leads to the distinction between natural law, which is immutable by human authority, and human law, which is subject to the permissions and prohibitions enacted by governments.
Natural Law vs. Human Law
The concept of natural law is derived from a universal moral standard that exists independently of human laws and is evident through human reason. Iberian Scholastics posited that natural law informs and constrains human legislation, ensuring that no law can sanction actions like murder or theft. Furthermore, human law can expand upon natural law by creating additional obligations within a societal context, such as prohibiting activities like marijuana use. This exploration illustrates how humans create legal frameworks to govern behavior while still resting on the bedrock of natural moral truths.
Economic Ethics and the Just Price
The podcast also delves into economic ethics as it relates to the concept of the just price, which is influenced by a variety of market factors. Scholastic thinkers like Vittoria argued that a fair exchange should not solely depend on the cost incurred by the seller but should also take into account common social perceptions of value. Their nuanced approach acknowledges that external conditions can affect pricing, including market demand. Crucially, this analysis led to debates on policies like price controls, reflecting the tension between fairness for consumers and the rights of producers.
Vitoria, Molina, Suárez and others develop the idea of natural law, exploring its relevance for topics including international law, slavery, and the ethics of economic exchange.
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