Home
/
RELIGION & LIBERTY ONLINE
/
Journal of Markets & Morality, Volume 10, Issue 1
Journal of Markets & Morality, Volume 10, Issue 1
May 11, 2025 2:08 PM

This issue of the Journal of Markets & Morality features a scholia translation of Cardinal Cajetan’s (1469-1534) influential treatise On Exchanging Money (1499). Cajetan is the author of the officially mentaries on the Summa of Thomas Aquinas, which are easily available in the magnificent Leonine edition of this magnum opus. He is even more famous as the papal legate whom Leo X (1513-1521) dispatched to Germany in a futile effort to bring Martin Luther back into the Roman fold. Economic historians have pointed out that Cajetan’s treatise holds a decisive place in the history of economics because it set forth the fullest and most unqualified defense of the foreign exchange market at its date of publication.

We are also pleased to publish Raymond de Roover’s essay, “Cardinal Cajetan on ‘Cambium’ or Exchange Dealings,” both as an introduction to the Cajetan scholia as well as “a testament to †Raymond de Roover’s original and enduring contribution to the field of economic historiography.” Likewise, this issue’s editorial by Stephen J. Grabill surveys “Raymond de Roover’s Enduring Contribution to Economic History.”

The editorial and article abstracts are freely available to nonsubscribers (you can sign up for a subscription here, including the very affordable electronic-only access option).

Other articles included in this issue:

“The Price of Freedom: Consumerism and Liberty in Secular Research and Catholic Teaching,” by Andrew V. Abela“Ideas, Associations, and the Making of Good Cities,” by Robert Driscoll“The Claim for Secularization as a Contemporary Utopia,” by Jan Klos“The Fiscal and Tributary Philosophy of Antonio Rosmini,” by Carlos Hoevel“A ‘Marketless World’? An Examination of Wealth and Exchange in the Gospels and First-Century Palestine,” by Edd S. Noell“Intersubjectivity, Subjectivism, Social Sciences, and the Austrian School of Economics,” by Gabriel J. Zanotti“Can Social Justice Be Achieved?” by José Manuel Moreira & Arnaud Pellissier Tanon

Also included is our usual outstanding fare of book reviews, courtesy the editorial oversight of Kevin Schmiesing.

Comments
Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
RELIGION & LIBERTY ONLINE
The ‘end’ of work
In the Q&A part of a session I led at last month’s Acton University on Abraham Kuyper and Leo XIII(based on this recent volume), I was asked about specific areas where the two figures have something concrete to contribute today. One theme I highlighted was to their shared emphasis on the centrality and dignity of human work. Today there is a great deal of anxiety over the future of work in an age of increasing globalization, automation, and structural changes...
How ordinary economic thinking helps constrain political chaos
In an age where chaos and cronyism seem to be the defining characteristics of our politics, and where the political system is increasingly decried as being “rigged” by populists from both the left and right, the time seems ripe for a renewed focus on political constraints. When such concerns arise, we are quick to point back to the U.S. Constitution, and rightly so. Yet economist Peter Boettke sees another guide that can also offer some value. For Boetkke, our politics...
Would school choice help conservatives recover from the ‘cultural massacre’?
The Spectator Australia published an article Monday claiming that the “culture war” between conservative and liberal values is, in reality, a “cultural massacre.” The carnage is evident in the numbers, specifically in education: in the United Kingdom, conservatives make up only seven percent of primary school teachers and only eight percent of secondary school teachers. In the United States, conservatives often focus on the lack of intellectual diversity on university campuses. They are not wrong to worry. In September, the...
American students: Raw material or individual persons?
Catherine Pakaluk The quality of K-12 education in America is a major concern. This is largely because, despite marginally high spending per student, the United States does pete very well against other countries on standardized tests. The economics of education particularly interested Catherine Pakaluk, who holds a doctorate in economics from Harvard and is an assistant professor of economics at Catholic University of America. Pakaluk gave a lecture, “Economics of Education,” on June 23 at Acton University. In this talk,...
Reading ‘Democracy in America’ (Part 2): What did Tocqueville mean by ‘equality of condition’?
This is the second part in a series on how to read Alexis de Tocqueville’s “Democracy in America.” Read Part 1 and follow the entire series here. As we begin our study of Democracy in America, we bear in mind that the work’s distinguished author, Alexis de Tocqueville, blessed us with a clear, concise introduction to the two-volume work. The introduction is the most important chapter of the work in terms ing to grips with Tocqueville’s overall argument and purpose...
When a labor union gets upset about job-stealing goats
While the rest of nation continues to fret about various threats to labor demand — whether from technology, trade, or immigration — an influential labor union is worrying about goats. Yes, goats. In a surreal set of circumstances that seems closer to Bastiatian satire than actual reality, the American Federation of State, County and Municipal Employees (AFSCME) has filed a grievance against Western Michigan University for hiring a herd of goats to clear undergrowth on campus land. From the Battle...
Understanding the President’s Cabinet: EPA Administrator
Note: This is the post #24 in a weekly series of explanatory posts on the officials and agencies included in the President’s Cabinet. See the series introductionhere. Cabinet position:EPA Administrator Department:U.S. Environmental Protection Agency (EPA) Current Administrator:Scott Pruitt Department Mission:The mission of EPA is to protect human health and the environment. EPA’s purpose is to ensure that: all Americans are protected from significant risks to human health and the environment where they live, learn and work;national efforts to reduce environmental...
Is it cleaner to trade pollution?
Note: This is post #40 in a weekly video series on basic microeconomics. In an effort to reduce pollution, the government tried two policy prescriptions under the Clean Air Act Amendments of 1990, notes Alex Tabarrok of Marginal Revolution University. The mand and control—mandated that each power plant lower its pollution by a determined amount. However, different firms face different cost curves and, because information is dispersed, policymakers don’t always know those costs. The second policy prescription—tradable pollution permits—empowered firms...
Saving Charlie Gard
“The case of 11-month-old Charlie Gard continues to garner international attention and pleas for his life from Donald Trump and Pope Francis,” says Anne Rathbone Bradley in this week’s Acton Commentary. “Cases like Charlie’s, while exceptional and rare, are important because they establish precedents regarding the relationship between the individual and the state.” When we think about it in this way, Great Ormond Street Hospital – which has been the target of much criticism – is actually almost an incidental...
Macron’s African statement ignores human ingenuity
A French media outlet has captured an otherwise ment from French President Emmanuel Macron that Africa is overpopulated. When asked about a possible “Marshall Plan for Africa,” Macron listed among the continent’s current problems the need for “demographic transition,” lamenting the fact that some African “countries still haveseven to eight children per woman.” His concerns seem particularly worth examining today on World Population Day. During a July 8 press conference about the G20 summit, Macron began by naming truly concerning...
Related Classification
Copyright 2023-2025 - www.mreligion.com All Rights Reserved