In this second edition of his seminal study, Alejandro Chafuen covers the economic writings of the Late Scholastics working in the tradition of St.Thomas Aquinas, those whom J. Schumpeter called the first economists. Writing long before Adam Smith, they wrote on private property, trade, monetary theory and policy, value, price, entrepreneurship, the state, and much more, anticipating the insights of the Austrian School. In many ways, these Continental theorists were more advanced than the British Classical School. The second edition (the first edition was called Christians for Freedom) is much expanded and improved to become not only an important book on the history of thought but a crucial study in the development of the Austrian School. There is no more comprehensive account available.
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Alejandro A. Chafuen has been president and CEO of Atlas Economic Research Foundation since 1991 and is president and founder of the Hispanic American Center of Economic Research. A graduate of Grove City College and the Argentine Catholic University, Buenos Aires, he also holds a Ph.D. in economics from International College, California. He is a frequent commentator on economics, security, and strategic threats in Latin America, as well as on the relationship between economics and ethics.
