1) Explain the relationship between Aristotle's position on the 'nature' of money based exchange and later judgments that interest taking is anti-social (evil). Why was interest taking a problem for the Roman Catholic Church? Show how the Church's response to the problem provides an example of institutional adaption. 2) Using von Hornick's defense of Mercantilism, how do you view the economic problem of a typical modern (eg. Brazil) country?
Indeed, Aristotle remains to memory of humanity even after centuries that has passed by because of his contribution in almost all fields of human interest or knowledge. I his view of money, Aristotle argues that Aristotle believes that money is a form of justice, and not an end in itself. This has been a controversial philosophical stand amongst people for many years as a camp of people tend to agree while others have a contrary opinion. Significant here, we will be discussing the relationship between Aristotle’s view on money and how this sparked a debate with the Roman Catholic Church.