Martin Luther's Doctrine on Trade and Price in Its Literary Context
Odd Langholm
This paper examines some of Martin Luther's economic ideas from a largely neglected point view. Religious issues naturally dominated his writings. When he turned to subjects, primary focus was on the usurious practices banks and trading companies times. His utterances those in form content, present biased picture thought. Having received an academic training at highest level, scholastic philosophy, including economics, Luther wrote with great authority about market behavior, cost demand as price determinants, argued against coercion, collusion, certain monopolistic practices. It is frequently possible tie medieval literary traditions these subjects sometimes identify specific source.
History of Political Economy