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Money and Moral Absolutes

Written by rober6thom on . Posted in Action Institute

From the beginning of the first forms of capitalism in northern Italy, Flanders, and other parts of medieval Europe from the eleventh century onward, many of the merchants involved in increasingly sophisticated forms of finance wrote inscriptions such as Deus enim et proficuum (“For God and Profit”) in the upper corners of their accounting ledgers. Others opened their partnership contracts with the formula such as A nome di Dio e guadangnio (“In the Name of God and Profit”).

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