Rich and Poor

Birger P. Priddat

Faculty of Economic Science, University of Witten/Herdecke, Witten, Germany.

DOI: 10.4236/ahs.2014.35023                

Abstract

Starting with the medevial poor/rich-topics in the Acquinian tradition of the theological economy of charity, the article develops a rather unkown line in the history of economic thought from Thomas Acquinius to John Locke and Adam Smith. The rich/poor-distribution of the charity-principle transforms over John Lockes’ property/labor-relation in the new Smithian capital/labor-economics. It is a special European line from charity-distribution to labor/capital-accumulation.

Keywords

History of Economic Thought, Medevial Economics of Charity, Thomas Acquinius, John Locke, Adam Smith, Distribution

Conflicts of Interest

The authors declare no conflicts of interest.

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