We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
BATIDA İKTİSADİ DÜŞÜNCENİN DİNSEL İÇERİĞİ ve USSAL EKONOMİK ETKİNLİĞİN YÜKSELİŞİ.
- Authors
AKALIN, Kürşat Haldun
- Abstract
The effect of scholastic economics was to allow the merchant considerable freedom in buying and selling. The church allowed that in practice the just price was current market price, that moderate profits were quite licit, that bargaining should be unrestricted. Avarice was a deadly sin and the condemnation of covetousness a favorite topic. The scholastic definition of usury very clearly, whatever exceeds the principal is usury. Avarice and covetousness were just as much deadly sin for protestants as catholics, the real purpose of life in this world was to achieve salvation in the next world. There was general agreement towards wealth. For puritan, riches were not evil in themselves, indeed they could be a sign of God's grace, success in one's calling was a sign of election. But, in many respects, the puritan attitude towards usury was stricter than that of certain catholic theologians. Because, the church allowed that triple contract which brought together the insurance and the partnership. There were three separate contracts in the triple contract; a partnership, insurance of the principal in return for fixed share of the profits, an a guarantee of a fixed return on the investment.
- Publication
Kastamonu University Journal of Economics & Administrative Sciences Faculty / Kastamonu Üniversitesi Iktisadi ve Idari Bilimler Fakültesi Dergisi, 2014, Vol 5, Issue 3, p6
- ISSN
2147-6012
- Publication type
Article