The underlying idea was constantly to search for and define the just price, in order to pursue commutative justice in exchanges, a concept that, together with distributive justice, was forcefully stressed by Thomas Aquinas as the basis of orderly life in the community. Later, the doctors of the Sorbonne and the great Italian universities also addressed the question of insurance.
Economic and monetary developments The evidence which has become available since my last testimony to your Committee on 23 January 2002 has indeed made us confident that a recovery is under way in the euro area.