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The just price is a theory of ethics in economics that attempts to set standards of fairness in transactions. With intellectual roots in ancient Greek philosophy, it was advanced by Thomas Aquinas based on an argument against usury, which in his time referred to the making of any rate of interest on loans.
Thomas Aquinas OP (/ ə ˈ k w aɪ n ə s / ⓘ ə-KWY-nəs; Italian: Tommaso d'Aquino, lit. 'Thomas of Aquino'; c. 1225 – 7 March 1274) was an Italian [6] Dominican friar and priest, the foremost Scholastic thinker, [7] as well as one of the most influential philosophers and theologians in the Western tradition. [8]
Saint Thomas Aquinas contributed to the development of the just war theory in Medieval Europe. The just war theory by Thomas Aquinas has had a lasting impact on later generations of thinkers and was part of an emerging consensus in Medieval Europe on just war. [30] In the 13th century Aquinas reflected in detail on peace and war.
The Routledge guidebook to Aquinas' Summa Theologiae. Routledge guides to the great books. New York: Routledge. ISBN 978-1-315-72842-1. Porro, Pasquale (2016). Thomas Aquinas: a historical and philosophical profile. Washington, D.C: The Catholic University of America Press. ISBN 978-0-8132-2805-1. Vollert, Cyril (1958). "Translator's preface".
Thomism is the philosophical and theological school which arose as a legacy of the work and thought of Thomas Aquinas (1225–1274), the Dominican philosopher, theologian, and Doctor of the Church. In philosophy, Thomas's disputed questions and commentaries on Aristotle are perhaps his best-known works.
The first known example of double-effect reasoning is Thomas Aquinas' treatment of homicidal self-defense, in his work Summa Theologica. [ 1 ] This set of criteria states that, if an action has foreseeable harmful effects that are practically inseparable from the good effect, it is justifiable if the following are true:
Here, St. Thomas develops his system of ethics, which has its root in Aristotle. In a chain of acts of will, man strives for the highest end. They are free acts, insofar as man has in himself the knowledge of their end (and therein the principle of action).
[1] Thomas Aquinas proposed that humans have four natural inclinations - a natural inclination to preservation (life), an inclination to sexual reproduction (procreation), sociability, and knowledge. [2] Inclination in the modern philosophy of ethics is viewed in the context of morality, or moral worth.