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Analysis risk and commercial risk: the first treatment of usury in Thomas Aquinas's Commentary on the Sentences

Pierre Januard 1
1 PHARE - Philosophie, Histoire et Analyse des Représentations Économiques
UP1 - Université Paris 1 Panthéon-Sorbonne : EA7418
Abstract : Whereas literature on Thomas Aquinas's doctrine of usury has tended to focus on the Summa Theologiae, this paper highlights the contribution of his early work the Commentary on the Sentences. In this work, Aquinas distances himself from the Roman law mutuum and the assumption of a borrower's state of necessity, and he introduces preliminary monetary elements. He thereby paves the way for a future understanding of surplus in intertemporal exchange. The monetary loan is presented as a commercial exchange involving not only commercial risk but also the risk of analytical errors in understanding the nature of the operation.
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https://halshs.archives-ouvertes.fr/halshs-02876106
Contributor : Pierre Januard <>
Submitted on : Wednesday, November 25, 2020 - 4:46:13 PM
Last modification on : Tuesday, January 19, 2021 - 11:09:09 AM

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Pierre Januard. Analysis risk and commercial risk: the first treatment of usury in Thomas Aquinas's Commentary on the Sentences. 2020. ⟨halshs-02876106v2⟩

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