ABSTRACT OF PAPER
Title: Money and Property: The Concept of Justice in the Russian Economic Thought of the 16th - 17th Centuries
Author: Raskov Danila
The Russian Economic thought of the 16th -17th centuries carries the traits of both the Middle Ages and the mercantilism. The difference between these two outlooks expresses itself most vividly, according to the subtle observation of Eli Heckscher, “in the domain of the ethical”. To the extent in which the 16th -17th century thought raised the questions of justice and truth, it did not reflect typically mercantilist spirit. From literature it becomes evident that the problem of truth for Russian Economic thought still retains its primary importance. For the 16th century one of the most acute issues concerned the monasteries’ property rights: Is it a right thing for monks who vowed poverty to own property and to derive an income from it? This was the main issue of the well-known dispute of Joseph Volotsky and Nil Sorsky’s and their adherents. For the monetary thought the notion of justice in setting the ratio of nominal to real value of metal was the center of discussion. For example, Pososhkov believed that the value of money should be determined not by market forces, but by a monarch, while the purity of alloy should correspond to the purity of faith. The concept of the justice is inherent to the reflections on prices, usury, counterfeit money, and “good coins” in the works by Krijanich, Pososhkov, Ordin-Naschokin.
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