
School of Salamanca
Spanish Scholastic intellectual movement

Spanish Scholastic intellectual movement
The School of Salamanca (Spanish: Escuela de Salamanca) was an intellectual movement of 16th- and 17th-century Spanish Scholastic theologians rooted in the intellectual and pedagogical work of Francisco de Vitoria. From the beginning of the 16th century, the traditional Catholic conception of man and of his relation to God and to the world had been informed by internal developments in the Italian Renaissance and its humanism, but also been challenged by the Protestant Reformation and the new geographical discoveries and their consequences. These new problems were addressed by the School of Salamanca. The name is derived from the University of Salamanca (Spain), where de Vitoria and other members of the school were based. The Salamanca School of economic thought is frequently regarded as an early precursor to the Austrian School of Economics. This is due to its development of the subjective theory of value, its advocacy for free-market principles, and its focus on the supply and demand...
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