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In: Economics
1. Use the frameworks of the Scholastic and mercantilist schools of thought to discuss how history...
1. Use the frameworks of the Scholastic and mercantilist schools of thought to discuss how history is shaped.
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Expert Solution
Ans. Let's discuss both the schools of thoughts :
1) Scholastic School of Thought
Scholasticism is a System of Learning taught by the academics of medieval universities and cathedrals in the period from the 12th to 16th Century. It combined logic, Metaphysics and semantics into one discipline, and is generally recognized to have developed our understanding of Logic significantly. It reconciled the philosophy of the ancient classical philosophers(particularly Aristotle) with Christian theology. Essentially, Scholasticism is a tool and method for learning which places emphasis on dialectical reasoning the exchange of argument, or thesis, and counter argument, orantithesis, in pursuit of a conclusion, or synthesis, directed at answering questions or resolving contradictions.
Mercantilist School of Thought
The viewpoints expressed by the mercantilists represented the interests of the merchant and business classes during the sixteenth, seventeenth, and eighteenth centuries. It is belief that the country's wealth is derived by its ability to accumulate gold and silver.
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Rahul Sunny answered 2 years agoRelated Solutions
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