Edited by Kleio Akrivou and Alejo José G Sison
Chapter 2: The ‘medieval’, the common good and accounting
AbstractBusiness practices and behaviour in the medieval world might automatically be regarded by some today as primitive, traditional and uninformed by ethical considerations, particularly in comparison to present-day ‘best practice’. This chapter explores a range of conceptions and misconceptions regarding the characteristics, ethical considerations and business practices of ‘medieval man’. The influence of ecclesiastical teaching, particularly the medieval ‘rediscovery’ of Aristotle (384–22 BC) and his integration into a Christian ‘worldview’ by Aquinas (1225–74), on concepts of ‘private property’, ‘fair price’, ‘profit’ and the ‘common good’ is investigated, and the practical application of the implications of these concepts within accounting records is explored, revealing accountability and stewardship to have been as prominent then as they are today.
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