View Full Version : Scholastic Economics

10-24-11, 08:13 PM



08-11-13, 02:20 PM
Interesting ...

From the first link listed above:

Most individuals accepted their place in feudal society without much ques*tion. There were scattered examples of serfs revolting against their lords, but these were unusual occurrences. All land belonged to God, who had put it in the custody either of a man who was king by divine right or of the church. Not to accept the authority of one's superiors was to oppose the will of God, who had given them authority, and to endanger one's salvation in the next life. In such a system, land, labor, and capital were not commodities bought and sold in a market as they are today, and there was very little production of goods for sale in the market.

02-14-15, 05:19 PM
Land belonging to one party, but placed in the custody (fiduciary) of another.

Trust Law.