The School of Salamanca and Spain's Economic Revolution

In the 16th century, while Spanish conquistadors plundered American silver, a group of theologians and jurists at the University of Salamanca were quietly laying the foundations of modern economics. This episode explores the School of Salamanca — Domingo de Soto, Martín de Azpilcueta, Francisco de Vitoria — and their revolutionary ideas on just price, inflation, private property, and natural law. We discuss how Azpilcueta's 1556 treatise correctly identified the link between New World silver and soaring prices in Spain, decades before Western Europe caught on. We also touch on the School's influence on later thinkers like Adam Smith and its role in debates about Spanish imperialism, particularly Vitoria's arguments on the rights of indigenous peoples. It's a story of how a religious order grappling with colonial exploitation ended up shaping global economic thought. #SchoolOfSalamanca #DomingoDeSoto #MartinDeAzpilcueta #FranciscoDeVitoria #EconomicHistory #JustPrice #SpanishSilver #Inflation #NaturalLaw #UniversityOfSalamanca #Scholasticism #PriceRevolution #Colonialism #IndigenousRights #AdamSmith #HistoryOfEconomics #History #FexingoHistory Keep every episode free: buymeacoffee.com/fexingo