About this videoLeonard Liggio, an expert in legal history, examines what we can learn from the European crisis of the 16th century. This crisis was precipitated by the discovery of America and led to serious economic troubles for Spain. Liggio explains that one of the important lessons to be learned is that wealth can have both advantages and disadvantages depending on how it is managed. According to Liggio, 16th-century scholars at the University of Salamanca who challenged the crown's policies were the founders of modern economic analysis. He also emphasizes the importance of using moral and ethical principles to guide economic decisions. |
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CreditsInterview with Leonard Liggio by Luis Figueroa
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