The School of Salamanca: Spanish Thinkers Who Invented Modern Economics

In this episode, Lucas and Luna explore the groundbreaking ideas of the School of Salamanca, a group of 16th-century Spanish theologians and jurists who laid the foundations for modern economics. They discuss how thinkers like Francisco de Vitoria, Domingo de Soto, and Martín de Azpilcueta developed early theories of supply and demand, just price, inflation, and subjective value—centuries before Adam Smith. The conversation delves into the moral and ethical dimensions of their work, including debates on usury, private property, and the just treatment of Indigenous peoples. Lucas explains how the influx of American silver led to the Price Revolution, which the Salamancans analyzed through the quantity theory of money. The episode also touches on the School's influence on later economists and its connection to the broader intellectual context of the Spanish Golden Age. Tune in to discover how these forgotten thinkers shaped our understanding of markets and money. #SchoolOfSalamanca #FranciscoDeVitoria #DomingoDeSoto #MartinDeAzpilcueta #TomasDeMercado #SpanishEconomics #JustPrice #Usury #QuantityTheoryOfMoney #PriceRevolution #SpanishScholasticism #16thCentury #Spain #HistoryOfEconomicThought #AdamSmith #IndigenousRights #History #FexingoHistory Keep every episode free: buymeacoffee.com/fexingo