Home
/
RELIGION & LIBERTY ONLINE
/
Journal of Markets & Morality, Volume 10, Issue 1
Journal of Markets & Morality, Volume 10, Issue 1
Feb 2, 2026 12:43 AM

This issue of the Journal of Markets & Morality features a scholia translation of Cardinal Cajetan’s (1469-1534) influential treatise On Exchanging Money (1499). Cajetan is the author of the officially mentaries on the Summa of Thomas Aquinas, which are easily available in the magnificent Leonine edition of this magnum opus. He is even more famous as the papal legate whom Leo X (1513-1521) dispatched to Germany in a futile effort to bring Martin Luther back into the Roman fold. Economic historians have pointed out that Cajetan’s treatise holds a decisive place in the history of economics because it set forth the fullest and most unqualified defense of the foreign exchange market at its date of publication.

We are also pleased to publish Raymond de Roover’s essay, “Cardinal Cajetan on ‘Cambium’ or Exchange Dealings,” both as an introduction to the Cajetan scholia as well as “a testament to †Raymond de Roover’s original and enduring contribution to the field of economic historiography.” Likewise, this issue’s editorial by Stephen J. Grabill surveys “Raymond de Roover’s Enduring Contribution to Economic History.”

The editorial and article abstracts are freely available to nonsubscribers (you can sign up for a subscription here, including the very affordable electronic-only access option).

Other articles included in this issue:

“The Price of Freedom: Consumerism and Liberty in Secular Research and Catholic Teaching,” by Andrew V. Abela“Ideas, Associations, and the Making of Good Cities,” by Robert Driscoll“The Claim for Secularization as a Contemporary Utopia,” by Jan Klos“The Fiscal and Tributary Philosophy of Antonio Rosmini,” by Carlos Hoevel“A ‘Marketless World’? An Examination of Wealth and Exchange in the Gospels and First-Century Palestine,” by Edd S. Noell“Intersubjectivity, Subjectivism, Social Sciences, and the Austrian School of Economics,” by Gabriel J. Zanotti“Can Social Justice Be Achieved?” by José Manuel Moreira & Arnaud Pellissier Tanon

Also included is our usual outstanding fare of book reviews, courtesy the editorial oversight of Kevin Schmiesing.

Comments
Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
RELIGION & LIBERTY ONLINE
PBR: A Genuine Challenge to Religious Liberty
In response to the question, “What is the future of the faith-based initiative?” Jordan Ballor kindly asked me to offer a few words in response to this question, as I made it an area of expertise during the previous Administration. I’ve been working up to writing something more formal, but I’ll begin by thinking aloud here, as well as at my my home blog. Without further ado, here’s what I posted over there: By now, you’ve probably heard about the...
Kaarlgard Declares ‘Failure of Morality, Not Capitalism’
In a Forbes blog post titled “Failure of Morality, Not Capitalism,” Rich Kaarlgard counters the critics of supply-side capitalism by pointing to an absence of morality. Kaarlgard declares: Many people do blame capitalism for bringing us to this low moment in the economy. Do they have a point? They do if capitalism, as they define it, is devoid of any underlying morality. True enough, it is hard to see any underlying morality when one surveys the present carnage caused by...
Debunking the New Deal
It’s long been my contention that the mythology surrounding the New Deal in large swaths of the popular imagination plays an ongoing, important, and harmful role in politics and policy debate. For that reason, I e periodic attempts to debunk the myth. Jonah Goldberg offers a perceptive and enlightening perspective on New Deal historiography and its current uses and abuses. Unlike Daniel Gross (cited by Goldberg), I don’t care whether the analyst is an historian, economist, policy wonk, or journalist,...
Dr. Andrew Abela Receives 2009 Novak Award
Maltese-American marketing professor, Dr. Andrew Abela, is the winner of the Acton Institute’s 2009 Novak Award. Dr. Abela’s main research areas include consumerism, marketing ethics, Catholic Social Teaching, and internal munication. Believing that anti-free market perspectives seem to dominate discussion about the social impact of business, Dr. Abela is working to explore Christian ethics further to show how these issues can be resolved more humanely and effectively through market-oriented approaches. To aid this work, Dr. Abela is currently preparing a...
PBR: Monsma and Carlton-Thies Speak Out
In response to the question, “What is the future of the faith-based initiative?” As part of Christianity Today’s Speaking Out (web-only) feature, Stephen V. Monsma and Stanley Carlson-Thies, of Calvin College’s Henry Institute and the Center for Public Justice respectively, address the future of the faith-based initiative under President Obama. Monsma and Carlton-Thies outline five “encouraging signs” and one “major concern.” The encouraging signs include the naming of the office executive director (Joshua DuBois) and advisory council (including “recognized evangelicals”...
PBR: The Faith-Based Initiative
Last week’s National Prayer Breakfast featured a speech by President Obama which was his most substantive address concerning the future of the faith-based initiative since his Zanesville, Ohio speech of July 2008. In the Zanesville speech, then-candidate Obama discussed “expansion” of the faith-based initiative, and some details were added as Obama announced his vision for the newly-named Office for Faith-Based and Neighborhood Partnerships. The announced priorities of the office are fourfold: The Office’s top priority will be munity groups an...
America’s Secular Challenge
I’ve been reading America’s Secular Challenge by NYU professor and president of the Hudson Institute Herb London. The book is essentially an extended essay about how elite, left-wing secularism undercuts America’s traditional strengths of patriotism and religious faith during a time when the nation can ill afford it. The assault on public religion and love of es in a period when America faces enemies who have no such crisis of identity and lack the degree of doubt that leaves us...
PBR: Socialism Tyrannizes
In response to the question, “What is wrong with socialism?” In answering this question we could point to the historical instances of socialist regimes and their abhorrent record on treatment of human beings. But the supporters of socialism might just as well argue that these examples are not truly relevant because each historical instance of socialism has particular contextual corruptions. Thus, these regimes have never really manifested the ideal that socialism offers. So on a more abstract or ideal level,...
More on ‘The Moral Bankruptcy Behind the Bailouts’
“Government budgets are moral documents,” is the often quoted line from Jim Wallis of Sojourners and other religious left leaders. Wallis also adds that “When politicians present their budgets, they are really presenting their priorities.” There is perhaps no better example of a spending bill lacking moral soundness than the current stimulus package being debated in the U.S. Senate. In mentary this week, “The Moral Bankruptcy Behind the Bailouts,” I offer clear reasons how spending more does not equate to...
Of Men, Mountains, and Mining
Here’s a brief report from The Environmental Report on mountain-top removal mining, and the increasing involvement of religious groups weighing in on the question. One of these groups is Christians for the Mountains. A quote by the group’s co-founder Allen Johnson was noteworthy, “We cannot destroy God’s creation in order to have a temporal economy.” One other thing that struck me about the interview is that the AmeriCorp involvement smacks of “rebranding” secular environmentalism. Add the magic words “creation care”...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved