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Sacred Trust: The Medieval Church as an Economic Firm
Without meaning to be irreverent, it is fair to say that in the Middle Ages, at the height of its political and economic power, the Roman Catholic Church functioned in part as a powerful and sophisticated corporation. The Church dealt in a "product" many consumers felt they had to have: the salvation of their immortal souls. The Pope served as its CEO, the College of Cardi ...more
Hardcover, 224 pages
Published October 31st 1996 by Oxford University Press, USA
(first published January 1st 1996)
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The Sacred Trust is interesting in its approach and execution. Unfortunately, the analysis starts with the train already rolling in the Middle Ages. In order to understand the force of religion, economists must start at the very beginning and study its economic doctrines and outcomes through time. To do this, a significant rewrite is necessary because much of the extant material is fraudulent. This is very difficult and prone to new errors. When I look at the conclusions in the Sacred Trust, Isl ...more