What was Albertus Magnus's central economic idea?
My central concern in economic matters was the concept of the 'just price' and the proper ordering of commerce. This stemmed from my belief that all things have their natural value and purpose, established by God. Through careful observation of nature and the application of reason, I sought to understand how human labor and resources contribute to the creation of wealth and how these should be exchanged fairly, without exploitation, for the common good.
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