UNIT 1C AND 1D Flashcards
Alexander the great was also known as?
Alexander III of Macedon
He spent most of his ruling years on an unprecedented military campaign, and created one of the biggest empires
Alexander the Great
this empire is based on western asia, founded by Cyrus the Great
Archaemaenid Empire
323 BC aftermath, what happened?
Alexander’s empire is divided among his generals and his family (macedonian, seleucid, ptolemy) & continuation of minting of coins for next 250 years.
coins minted under alexander the great
drachm and tetradrachm
original word for greece
hellas
covers the period of mediterranean history between the death of Alexander the Great and the emergence of the Roman Empire
Hellenistic Period
330 AD
Constantinople is founded as a”New Rome”
500 - 1500 AD
early middle ages
time when there was no roman emperor in the west
dark ages
distinctive christian approach in economics, where there was a condemnation of usury
Middle Ages
in a mora sense; condemning taking advantage of others misfortune
in a legal sense; interest rates may be regulated by law
Usury
Theologians take the lead in economic debates, A doctrine of Usury and a Theory of Just Price
13th Century
T OR F
in 13th century, loan on interest is acceptable
False
an argument against usury
theory of just price
In this, Aquinas expanded his argument against usury
Summa Theologiae
Scotsman, philosopher-theologians of western europe and was given the accolade Doctor Subtilis (subtle doctor)
John Duns Scotus
In here, Duns finds a better way of calculating a just price by counting costs of labor and expenses
Sententiae,1295
what are the 2 facets of money
purchasing power and metal value
this explains that beyond a certain point, higher taxes discourage production
Laffer Curve
Who made the laffer curve?
Arther Laffer
french philosopher and priest, and wrote mutationabis monetarum—about the origins and nature of money
Nicolas D’ Oresme
Completed between 1356 to 1360 and it is the belief that humans have a natural right to own property
Moneta
Italian dominican frior, later became archbishop of france and had an argument of: State has a duty to intervene in mercantile affairs for the common good
Saint Antoninus of Florence
Main issues here are price, justice, and capital theory. Distinguishes between natural value and practical valie of a good
Summa Theologiae Moralis
