Most people think that free-market ideas and theories were first substanially developed in the eighteenth century by figures such as Adam Smith. In this revised edition of Faith and Liberty, Alejandro A. Chafuen illustrates this misconception by examining the sixteenth and seventeenth century writings of a group of Catholic theologians and philosophers. The Late- Scholastics, as they are called, were the first to engage in a systematic moral analysis of the ethical issues associated with trade and commerce. In doing so, they arrived at solutions that are in many senses indistinguishable from the ideas of many modern free market commentators. In this revised ediiton, Chafuen blosters his case by including recent and pertinent material which gives rise to new questions and concerns. Reading this book will force to consider what they understand to be an authentiaclly Christian approach to economic questions.

By Alejandro A. Chafuen

Chapter 1 The Late Scholastics
Chapter 2 The Scholastic Approach to Economics
Chapter 3 Private Property
Chapter 4 Public Finance
Chapter 5 The Theory of Money
Chapter 6 Commerce, Merchants, and Tradesmen
Chapter 7 Value and Price
Chapter 8 Distributive Justice
Chapter 9 Wages
Chapter 10 Profits
Chapter 11 Interest and Banking
Chapter 12 Late-Scholastic Economics Compared with "Classical Liberal" Economics