Commentary
Thomas Aquinas is, without doubt, the greatest Roman Catholic philosopher and theologian when it comes to the depth of his thought and the degree of his influence. Although this is the case, it might seem strange at first to see him mentioned in relation to the history of the subjective theory of value. It was Murray Rothbard nonetheless who first pointed out that the direct ancestor of the Austrian School is the Salamanca School, a Roman Catholic school of Scholastic philosophy and theology, rooted in and deeply indebted to Aquinas.