Giacinto della Cananea
Chronicle Of A Regulatory Failure Foretold: Derivatives And Local Authorities
Despite the anachronism of those who seek to find the roots of capitalism in the Middle Ages, the evidence gathered by the most accurate studies of history show that in that period commerce was not regarded as being a value in itself: a recent and perspicuous analysis can be found in one of the last essays written by Jacques Le Goff, Le Moyen Âge et l’argent: Essai d’anthropologie historique (2012). Rather, it was one element in a world of meanings and values, at the apex of which was a fundamental virtue, caritas. Studies carried out by historians of law have confirmed the importance of non-economic values in the regulation of trade and industry.