Freedom of movement

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Community · Price revolution

Summary

Freedom of movement, mobility rights, or the right to travel is a human rights concept encompassing the right of individuals to travel from place to place within the territory of a country, and to leave the country and return to it.

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philosophical basis for economic and political rights
The School of Salamanca utilized natural law to argue for universal human rights, including property rights and the freedom of trade, influencing later liberal thought.
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pioneered by School of Salamanca members
Martín de Azpilcueta and other scholars observed that the influx of precious metals from the Americas caused inflation, forming the basis of the quantity theory of money.
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intellectual foundation for modern economic thought
This group of 16th-century theologians and jurists at the University of Salamanca developed early theories on value, price, and money that anticipated modern economic principles.
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founder of the School of Salamanca
He established the intellectual framework for the school, applying scholastic theology to questions of international law and economic justice.
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historical context for scholastic economic theory
The massive inflation in 16th-century Europe provided the empirical evidence that led the School of Salamanca to develop their monetary theories.
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formulated early quantity theory of money
He was a central figure of the School of Salamanca who explicitly linked the price revolution in Spain to the increased supply of gold and silver.
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modern historian of the School of Salamanca
Rothbard was instrumental in re-evaluating the School of Salamanca as the true precursors to the Austrian School of economics.
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theological and economic framework for market exchange
Scholastic thinkers debated the 'just price' as a moral standard for transactions, which evolved into the concept of market-clearing prices in competitive conditions.
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key contributor to scholastic economic analysis
A prominent Jesuit scholar who provided sophisticated analyses of interest, currency exchange, and the role of the entrepreneur in the economy.
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early conceptualization by scholastic thinkers
The School of Salamanca argued that the value of a good depends on its utility and scarcity to the individual, rather than just the cost of production.
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source of silver driving the price revolution
The massive extraction of silver from Potosí was the primary driver of the monetary expansion that the School of Salamanca analyzed.
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philosophical framework for economic inquiry
The School of Salamanca operated within the scholastic tradition, using its rigorous logical methods to analyze contemporary economic and social problems.
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intellectual successor to the School of Salamanca
The Austrian School shares a methodological focus on individual action and subjective value that traces its roots back to the scholastic tradition.
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scholastic debate on the morality of lending
The School of Salamanca re-evaluated the prohibition of usury, distinguishing between legitimate compensation for risk and exploitative lending practices.
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Facts