Tomás de Mercado
Tomás de Mercado (1525–1575) was a Spanish
He was either born in
Mercado became more widely known outside the Spanish-speaking world after he was discussed by Joseph Schumpeter in his History of Economic Analysis, published posthumously, ed. Elisabeth Boody Schumpeter, in 1954. With the strong revival of monetarist economics since then, he has attracted further scholarly attention.
Mercado's Summa
The Summa was an expanded edition of a work first published in 1569 as De los tratos de India y tratantes en ellas.
He devotes much thought to the concept of the fair or "just price", analysing it in terms of wheat, and strongly supporting the tasa or fixed price set by the government on social and ethical grounds, even if it meant producers selling at a loss.[6]
Mercado devoted a chapter to the
Notes
References
- Baeck, Louis, The Mediterranean tradition in economic thought, Routledge, 1994,
- "Companion": Nuccetelli, Susana; Schutte, Orfelia; Bueno, Otavio; A Companion to Latin American Philosophy, John Wiley and Sons, 2009,
- Gallardo, Alexander, Spanish Economics in the Sixteenth Century: Theory, Policy, and Practice, Universe, 2002,